American Public University System subscribes to the code of conduct set forth in the Higher Education Opportunity Act of 2008.
As APUS currently participates in Direct Loans, the APUS Financial Aid Office has not and will not participate in revenue sharing with Lenders, Guarantors or Servicers of these loans.
Staff is banned from receiving gifts from any of the above agencies other than those considered of minimal value by the federal regulations.
The Financial Aid/Financial Services Offices will in no way influence the choice of lender for federal and/or private loans.
Although APUS may provide a lender list based on common student choice, benefits to borrowers, and service, no student is denied access to a federal loan from any lender.
Processing will not be affected by the student's choice of lender.
Some lenders may require a paper rather than an electronic process, but these loans will be processed as quickly and efficiently as possible.
Any lender list used prior to participation in Direct Lending will be disclosed to potential borrowers.
Any affiliation of these lenders to each other will also be disclosed.
APUS will provide information on why a particular lender is on the list and the benefits of each lender.
Students are made aware that they are not required to choose one of the lenders on the preferred list.
APUS does not have and will not have any contractual agreement with any lender to provide private loans to our students.
APUS may make available information on lenders who participate in these programs and the rates and benefits that apply to each lender.
APUS and APUS employees will not encourage the use of any particular lender for private or alternative loans.
APUS will supply the student seeking a private loan with the required Truth In Lending information.
APUS employees requested to serve on advisory boards for lenders, guarantors, servicers, or state agencies will not accept any compensation for service other than direct expenses such as travel, lodging, and food related to such service.
All APUS Financial Aid/Financial Services employees are required to sign that they have read and understand the Code of Conduct.
Knowingly violating this Code of Conduct may result in termination of employment.