Financial Aid Code of Conduct

The College for Creative Studies:

  • Does not require the use of particular lenders or in any way limit the choice of lenders.
  • Does not recommend external lenders. A list of lenders utilized by previous borrowers is maintained for the convenience of students and parents but is not intended as an endorsement of any lender.
  • 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 to, the College.
  • 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 employees of the financial aid office, or any employee who otherwise has responsibilities with respect to educational loans, from entering into any type of consulting arrangement or other contract to provide to a lender services related to educational loans.
  • Prohibits employees of the financial aid office, or any employee who otherwise has responsibilities with respect to educational loans, who serve on an advisory board (or commission or group) related to educational loans established by a lender or group of lenders from receiving anything of value from the lender or group of lenders in connection with serving on such advisory board (or commission or group).
  • 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 College 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 the certification of any loan based on the borrower’s selection of a particular lender or guaranty agency.

Office of Financial Aid

First Floor, Yamasaki Building

Tele: 313.664.7495

Fax: 313.664.7499

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