Financial Aid Code of Conduct
The Higher Education Opportunity Act (HEOA) of 2008 requires institutions of higher education to develop and enforce a code of conduct that prohibits conflicts of interest for financial aid personnel.
Consistent with the requirements of the HEOA and the NASFAA Statement, Manna University has adopted the following Code of Conduct for financial aid professionals. Other University employees, officers, and agents with responsibilities in respect to education loans must also comply with this policy.
We participate in the William D. Ford Federal Direct Loan program through the United States Department of Education. This program includes Direct Subsidized, Direct Unsubsidized, and Direct Parent PLUS loans.
Private/Alternative Education loans are also processed for students at their request as needed.
We do not maintain a preferred lender list for private/alternative student loans nor do we recommend any private lender. All decisions concerning private education loans will be made by you, the borrower, based on your independent review of lender benefits and services. We will not refuse to certify or delay certification of any private/alternative education loan based on your selection of a particular lender.
Conflict of Interest
No employee shall have a conflict of interest with respect to any education loan program or other student financial aid program for which the employee has responsibility.
Ban on Revenue Sharing Arrangements
The University shall not enter into any revenue-sharing arrangement with any lender or other vendor working with its financial aid office. The University shall not accept any fee or other material benefit in exchange for recommending a lender to its students.
