GIA has set forth this policy to codify and clarify our ethics standard with regard to education loan providers (lenders).
"Preferred" lender lists and endorsements of lenders. GIA will not create, maintain or distribute any listing of “preferred” or “recommended” education loan providers, nor will school staff endorse any particular third-party private education materials on behalf thereof.
Promotion of Education Loans: GIA does not engage in a “revenue sharing” arrangement with any private education loan provider, nor will it enter into any arrangement designed to promote the products, services and/or public image of such entities.
Non-Discrimination in Loan Certification: The Office of Student Financial Assistance will certify any private education loan upon request for any eligible student through any private education loan provider. Office of Student Financial Assistance staff will neither favour nor discriminate against any particular provider in giving counsel to student and parent borrowers. However, nothing in this policy shall be construed to prevent Office of Student Financial Assistance personnel from giving students and parents’ good counsel to assist the borrower in making an educated loan product/lender choice.
Prohibition Against Gifts: Neither GIA nor any of its employees (or their family members) will accept any gift, gratuity, favour, discount, entertainment, hospitality, benefit or any other item from any private education loan provider. Nothing in this section shall be construed as prohibiting GIA employees from conducting normal banking business with a lending institution that is also an education loan provider; or receiving discounts, premiums or gifts that are available to the general public based upon that normal banking business.
Contracting Arrangements/Advisory Groups: GIA employees may not accept from any private education loan provider any type of fee, payment, expense reimbursement or other financial benefit as compensation for consulting, advisory or other services provided relating to education loans.
Staffing Assistance: GIA does not utilise private education loan provider staff to work in our offices, nor will we allow them to perform the work of Institute personnel in other locations.