The Higher Education Opportunity Act (HEOA) requires an institution participating in a Title IV loan program to publish a code of conduct [HEOA 487 (a)(25)]. This code of conduct prohibits conflicts of interest for its financial aid personnel. Chaminade University of Honolulu’s employees are required to comply with this code of conduct.
The code of conduct is as follows:
- Does not require the use of particular lenders or in any way limit the choice of lenders.
- Does not recommend external lenders to students or their parents, and does not maintain a preferred lender list.
- Processes loan applications through any lender a student or parent chooses.
- Does not solicit or accept anything of value from any lender in exchange for any advantage sought by the lender to make educational loans to students enrolled at, or admitted by the University.
- Prohibits employees of the Financial Aid Office, or any employee who otherwise has responsibilities with respect to educational loans, from taking from any lender any gift worth more than nominal value.
- Prohibits external lenders’ employees, representatives, or agents from providing staffing services to the Financial Aid Office.
- Prohibits external lenders’ employees, representatives, or agents from identifying themselves to students of the University or their parents as employees, representatives or agents of the Financial Aid Office.
- Does not assign for any borrower, through award packaging or other methods, a loan to a particular lender, and does not refuse to certify or delay certification of any loan based on a lender.
If you have questions about our code of conduct please contact the Financial Aid Office.