American University of Beirut

Federal Loans: Code of Conduct
​​Code of Conduct for U.S. Education Loans

​The code of conduct prohibits conflict of interest with the responsibilities of an AUB employee with respect to private education loans.

All employees at AUB with ​responsibility for US loans are prohibited from:

  • Revenue-sharing arrangements with any lender
  • Recommending lender
  • Receiving gifts from a lender or a loan servicer
  • Promoting lenders through entrance and exit counseling
  • Accepting financial benefits from any lender or affiliate of a lender as compensation for any type of contracting arrangements.
  • Directing borrowers to particular lenders* or refusing or delaying loan certifications based on borrower’s selection of a particular lender
  • Accepting offers of funds for private loans
  • Requesting or accepting lender assistance with financial aid office staffing
  • ​Accepting compensation from lenders if serving on advisory boards.
​​All employees with responsibilities for U.S. loans are informed annually of the provisions of the code of conduct. 

* AUB does not have a preferred​ lender arrangement, since the only lender offering such loans overseas is SallieMae, therefore the latter is not a preferred lender and this does not represent a preferred lender arrangement. 

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