Academic Calendar 2011-2012 - Chesapeake College

stuDent Financial assistance12. Maintain the highest level of professionalism, reflecting acommtment to the goals of the Natonal Assocaton ofStudent Fnancal Ad Admnstrators.Chesapeake College Code of Conductfor Financial Aid ProfessionalsAn institutional financial aid professional is expected to alwaysmantan exemplary standards of professonal conduct n all aspectsof carrying out his or her responsibilities, specifically includ-ng all dealngs wth any enttes nvolved n any manner n studentfinancial aid, regardless of whether such entities are involved in agovernment sponsored, subsdzed, or regulated actvty.In doing so, a financial aid professional should:1 Refrain from taking any action for his or her personal benefit.2. Refran from takng any acton he or she beleves s contraryto law, regulaton, or the best nterests of the students andparents he or she serves.3. Ensure that the nformaton he or she provdes s accurate,unbiased, and does not reflect any preference arising fromactual or potental personal gan.4. Be objectve n makng decsons and advsng hs or hernsttuton regardng relatonshps wth any entty nvolvedin any aspect of student financial aid.5. Refran from solctng or acceptng anythng other thannomnal value from any entty (other than an nsttutonof hgher educaton or a governmental entty such as theU.S. Department of Educaton) nvolved n the makng,holdng, consoldatng or processng of any student loans,ncludng anythng of value (ncludng rembursementof expenses) for servng on an advsory body or as part of atranng actvty of or sponsored by any such entty.6. Dsclose to hs or her nsttuton, n such manner as hsor her nsttuton may prescrbe, any nvolvement wthor nterest n any entty nvolved n any aspect of studentfinancial aid.Truth in Lending DisclosuresChesapeake College takes prde n keepng ts tuton rates low andprovdng a convenent payment plan leadng to the Board decsonto not partcpate n the William D. Ford Direct Loan program. Weunderstand that some students may stll feel the need to borrowand wll seek a Private Educational Loan. Chesapeake Collegedoes not endorse lenders and does not have a preferred lenderlst. Student must seek ther own fundng source. However, wedo want students to be educated loan borrowers and wll provdethe followng nformaton:• Prvate lenders wll provde a Truth n Lendngstatement that must be sgned by the borrower. Inthe statement, students wll learn of ther rghts andresponsbltes as a borrower of a prvate loan.Prvate loans are NOT federal educatonal loans.Prvate lenders wll charge ther own nterest rateand terms and condtons of repayment. Loanelgblty s determned by the Cost of Attendance,Estmated Fnancal Ad and the dfference betweenthe Estmated Fnancal Ad and Cost of Attendance.• Chesapeake College does not mpede on a student’sdecson to borrow, however, we requre ALLstudents to complete the Free Application forFederal Student Aid for the loan perod n order todetermne f the student s elgble for any Title IVAid or nsttutonal ad. Students may borrow upto Costs of Attendance minus any financial assistancethe student is receiving. All loans are certified andmay be adjusted based on those factors as well asthe loan perod the student s applyng. All Costsof Attendance are based on a nne month enrollmentperod. All loans wll be made payable to ChesapeakeCollege and the student. The student must endorsethe loan and the Business Office will refund anycredt balance wthn 10 to 14 days unless otherwsenoted.35