CSB is committed to providing students and their families with the best information
and processing alternatives available regarding student borrowing. In support of
this and in an effort to rule out any perceived or actual conflict of interest between
CSB officers, employees or agents and education loan lenders, CSB has adopted the
following:
(1) CSB does not participate in any revenue-sharing arrangements with
any lender.
(2) CSB does not permit any officer, employee or agent of the school
who is employed in the financial aid office or is otherwise involved in the administration
of education loans to accept any gifts of greater than a nominal value from any
lender, guarantor or servicer.
(3) CSB does not permit any officer, employee or agent of the school
who is employed in the financial aid office or is otherwise involved in the administration
of education loans to accept any fee, payment or other financial benefit (including
a stock purchase option) from a lender or affiliate of a lender as compensation
for any type of consulting arrangement or contract to provide services to a lender
or on behalf of a lender relating to education loans.
(4) CSB does not permit any officer, employee or agent of the school
who is employed in the financial aid office or is otherwise involved in the administration
of education loans to accept any thing of value from a lender, guarantor, or group
of lenders and/or guarantors in exchange for service on an advisory board, commission
or other group established by such a lender, guarantor group of lenders and/or guarantors.
Consolidated School of Business does allow for the reasonable reimbursement of expenses
associated with participation in such boards, com missions or groups by lenders,
guarantors, or group of lenders and/or guarantors.
(5) CSB does not assign a lender to any first-time borrower through
finan cial aid packaging or any other means.
(6) CSB recognizes that a borrower has the right to choose any lender
from which to borrow to finance his/her education. CSB will not refuse to certify
or otherwise deny or delay certification of a loan based on the borrower’s selection
of a lender and/or guarantor.
(7) CSB will not request or accept any offer of funds to be used for
private education loans to students from any lender in exchange for providing the
lender with a specified number or volume of Title IV loans, or a preferred lender
arrangement for Title IV loans.
(8) CSB will not request or accept any assistance with call center
or financial aid office staffing