Financial Aid Resources

NECI Financial Aid Services Code of Conduct

New England Culinary Institute, in compliance with the Higher Education Opportunity Act, has established this code of conduct prohibiting conflicts of interest for its financial aid personnel. All employees in the Office of Financial Aid, as well as all officers, employees, and agents of the college, are required to comply with this code of conduct.

  1. The institution, the college’s individual employees and officers, and all college agents, are prohibited from entering into any revenue-sharing arrangements with any lender.
  2. Any officer, employee, or agent of NECI who has responsibilities with respect to education loans, is prohibited from soliciting or accepting any gift from a lender, guarantor, or servicer of education loans. The term "gift" means any gratuity, discount, hospitality, loan, or other item having more than a minimal monetary value.
  3. Any officer, employee, or agent of NECI who has responsibilities with respect to education loans, is prohibited from engaging in any contractual arrangement with any lender or affiliate of a lender that results in any financial benefit.
  4. NECI does not direct borrowers to a particular lender.
  5. NECI does not refuse to certify or delay certification of any loan based on the borrower's selection of lender.
  6. NECI does not accept from any lender any offer of funds to be used for private education loans.
  7. NECI does not accept from any lender any assistance with call center staffing or Office of Financial Aid staffing.
  8. Any officer, employee, or agent of NECI who has responsibilities with respect to education loans, and who serves on an advisory board, commission, or group established by a lender, guarantor, or group of lenders or guarantors, is prohibited from receiving any type of compensation, except for reimbursement of reasonable expenses incurred.

 

As members of the National Association of Student Financial Aid Administrators (NASFAA), NECI financial aid personnel also adhere to the NASFAA Statement of Ethical Principles and Code of Conduct which contains principles specific to the financial aid profession.  Consistent with the requirements of the Higher Education Opportunity Act (HEOA) and the provisions of the NECI Code of Conduct and the NASFAA statement, NECI has adopted this Code of Conduct for their financial aid professionals.

Notice of Federal Student Financial Aid Penalties for Drug Law Violations

Per Federal Financial Aid Regulations 34 CFR 668.40, HEAO Sec. 488(g), amended HEA Sec. 485 (20 U.S.C. 1092), HEA Sec. 485(k):

In compliance with the above regulation, this statement serves as notice that a student who has a drug conviction for any offense, during a period of enrollment for which the student was receiving Title IV HEA program funds (Federal Pell, Supplemental Education Opportunity Grant, Academic Competitiveness Grant, SMART Grant, Federal Work-Study, Federal Perkins Loan, Federal Stafford Loans, Federal PLUS Loans, Federal Grad PLUS Loans) under any federal or state law involving the possession or sale of illegal drugs, will result in the loss of eligibility for any Title IV program funds (see above listing of program funds).