Code of Conduct
David Pressley School of Cosmetology
Financial Aid Office
Professional Code of Conduct
The Higher Education Opportunity Act (HEOA) requires educational institutions to develop and comply with a code of conduct. The code defines and prohibits conflicts of interest for financial aid personnel. All of our financial aid officers and agents, who have responsibilities with respect to student educational loans, are bound by and must comply with this code of conduct. DPSC endorses, adopts, and hereby requires adherence by its financial aid officers and agents to this code of conduct.
Our Financial Aid Code of Conduct
The staff of David Pressley School Office of Financial Aid are committed to the highest standards of professional conduct and are expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner of student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.
Our staff will refrain from taking any action he or she believes is contrary to law, regulation, or the best interests of the students and parents that he or she serves. The Office of Financial Aid employees’ and agents’ number one priority is to serve and act in the best interest of DPSC students. In pursuing this goal, employees and agents must remain cognizant of all federal and state regulations and institutional policies and remain in compliance with such regulations and policies, without limitation. Our financial aid officers will:
- Not enter into any revenue sharing arrangements with any lender or agency.
- Refrain from taking any action for his or her personal benefit. They shall not solicit, accept or receive any remuneration or gift from any lender, guarantor, servicer or agency.
- Not serve in a consulting/contracting capacity for any lender, guarantor, servicer or agency that directly relates to student financial aid.
- Be prohibited from assigning a first-time student-borrower’s loan to a particular lender, guarantor, servicer or agency.
- Be required to certify, without delay, any loan regardless of the lender, guarantor, servicer or agency that a student-borrower selects.
- Be objective in making decisions and advising DPSC students regarding relationships with any entity involved in any aspect of student financial aid. Employees shall base their decisions on what is in the best interests of DPSC students as a whole and what is allowable under federal and state law.
- Not accept assistance with call center or financial aid office staffing from any lender, guarantor, servicer or agency.
- Not serve on any advisory board for any lender, guarantor, servicer or agency that directly relates to student financial aid.
(Modeled after the NASFAA Code of Conduct for Institutional Financial Aid Professionals and Modified to comply with the requisite provisions, signed into law on August 14, 2008, of the Federal Higher Education Opportunity Law (HEOA).
Revised May 18, 2011