EVMS Financial Aid Code of Conduct
The Eastern Virginia Medical School
Office of Financial Aid adopted the following Financial Aid Code of
Conduct:
- Revenue Sharing Prohibition:
Eastern Virginia Medical School financial aid employees are
prohibited from receiving anything of value from any lending
institution in exchange for any advantage sought by the lending
institution.
- Gift and Trip Prohibition:
Eastern Virginia Medical School financial aid employees are
prohibited from taking anything of more than nominal value from any
lending institution. This includes a prohibition on trips for
financial aid officers and other college officials paid for by
lenders.
- Advisory Board Compensation
Rules: Eastern Virginia Medical School Financial Aid employees
are prohibited from receiving anything of value for serving on the
advisory board of any lending institution.
- Lender List Guidelines:
Eastern Virginia Medical School lender lists are based solely on the
best interest of students who may use the list without regard to
financial interests of the school.
- Lender Disclosure: Eastern
Virginia Medical School will disclose the criteria
and process used to select lenders on the lender list. Students will
also be told that they have the right to select the lender of their
choice regardless of the lender list.
- Loan Resale Disclosure: No
lender on the Eastern Virginia Medical School lender list has an
agreement to sell its loans to another lender without disclosing
this fact.
- Additions to the Lender List:
No lender may request to be a lender on the list with respect to
a certain type of loan by providing benefits to a school as to
another type of loan. Lenders interested in being reviewed for the
Lender List must complete a form provided by the Office of Financial
Aid and disclose borrower benefits, customer care, technology
information, and be in agreement with this Code of Conduct.
- Call-Center Prohibition:
Eastern Virginia Medical School ensures that employees of lenders
never identify themselves to students as employees of the school. No
employee of a lender is working or providing staffing in the Eastern
Virginia Medical School financial aid office.
- Legal Compliance: EVMS
shall comply with all applicable Federal and State laws and
regulations to administer federal and state student financial aid.
Any questions, feedback or concerns
regarding student financial aid will be answered promptly by the
Student
Financial Aid Office or the Associate Dean for Academic Affairs.
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