All schools that participate in FSA loan programs must publish and enforce a code of conduct that prohibits a conflict of interest of responsibilities by officers, employees and agents of the school in regards to education loans. Due to federal regulation changes as of July 1st, 2010, all student loans are “Direct Loans” processed through the United States Department of Education.
The code of conduct applies to the officers, employees and agents of the school and also prohibits employees of the financial aid office from receiving gifts from a lender, guaranty agency or loan servicer.
The code also prohibits financial aid office staff (or other employees or agents with responsibilities with respect to education loans) from accepting compensation for
A person employed in a financial aid office who serves on an advisory board established by a lender or group of lenders cannot receive anything of value from the lender, but can receive reimbursement for reasonable expenses associated with participation. A school must report annually to ED any such reasonable expenses paid or provided to any employee who is employed in the financial aid office or who otherwise has responsibilities with respect to education loans or other financial aid of the institution.
One common challenge our students face is deciding how to pay for their beauty school program. There are various ways to pay for school and our admissions team is here to help. Phagans School of Hair Design is an accredited beauty school, which means that financial aid is available to students who qualify. We strive to make the application process as easy as possible for our students because we believe nothing should stand in the way of pursuing your dream career!