Although we generally do not recommend or assist directly with loans from a private lending institution, upon request we can provide you with the documentation you might need to complete a private loan application process with your bank or lender.
The college adheres to strict guidelines when assisting anyone with private loan documentation in order to avoid any conflict of interest or perception of a conflict of interest. Bellevue College employees are held to the following standard.
Code of Conduct for Processing Student Private Loans
- Bellevue College does not enter into a revenue-sharing arrangement with any lender.
- No Bellevue College employee in the Financial Aid office or who otherwise has responsibilities with respect to education loans, will solicit or accept any gift or other thing of value from a lender, guarantor, or servicer of education loans. Certain items provided or contributed by lenders are not considered gifts, such as training materials or, philanthropic contributions unrelated to education loans.
- No Bellevue College employee in the financial aid office, or who otherwise has responsibilities with respect to education loans, will accept from any lender any fee, payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to a lender.
- Bellevue College will not select, assign or refer a student to a particular lender or refuse to certify, or delay certification of, any loan based on the borrower’s selection of a particular lender or guaranty agency.
- Bellevue College will not request or accept from any lender any offer of funds to be used for private education loans to students in exchange for the campus providing concessions or promises to the lender.
- Bellevue College does not request or accept from any lender assistance with call center staffing or financial aid office staffing.
- No Bellevue College employee in the financial aid office, or who otherwise has responsibilities with respect to education loans, and who serves on an advisory board, commission, or group established by a lender or guarantor, will receive anything of value for such service.
Last Updated October 20, 2015