Financial Aid Code of Conduct

In the administration of its student financial assistance programs Villanova University (VU) abides by the National Association of Student Financial Aid Administrators (NASFAA) Statement of Ethical Principles.  In addition, Villanova University has adopted a Code of Conduct for Financial Aid which can be found below.   

Villanova University’s Code of Conduct for Financial Aid

Villanova University abides by the following Code of Conduct, which is intended to comply and be interpreted in conformity with the Higher Education Opportunity Act of 2008:

Loan Award and Certification
Villanova University shall not assign any first-time borrower’s education loans, through award packaging or other methods, to a particular lender.

Villanova University shall not refuse to certify, or delay certification of, any loan based on the borrower’s selection of a particular lender or guaranty agency.

Ban on Receipt of Gifts
No officer, employee or agent of Villanova University shall solicit or accept any “gift” from a lender, guarantor, or servicer of education loans. “Gift” includes any gratuity, favor, discount, entertainment, hospitality, loan or other item having monetary value of more than a minimal amount.

This prohibition also applies to gifts to family members of the above individuals when the gift was given with the knowledge and acquiescence of such individual, and the individual has reason to believe the gift was given because of such individual’s official position.

Ban on Revenue-Sharing Arrangements
Villanova University will not enter into any “revenue-sharing arrangement” with any lender. A “revenue sharing arrangement” is an arrangement whereby the University recommends a lender of educational loans, and then in exchange, the lender pays a fee or provides other material benefits, including revenue or profit-sharing, to the University, or an officer, employee or agent of the University.

Ban on Contracting Arrangements with Lenders
No officer or employee of Villanova University who is employed in the financial aid office of the University or otherwise has responsibilities with respect to education loans, or an agent who has responsibilities with respect to education loans, shall accept from any lender or affiliate of any lender any fee, payment or other financial benefit (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.

Ban on Offers of Funds for Private Loans
Villanova University shall not request or accept from any lender any offer of funds to be used for private education loans for students, including funds for an “opportunity pool loan,” in exchange for the institution providing concessions or promises to provide the lender with: (i) a specified number of loans made, insured or guaranteed; (ii) a specified loan volume; or (iii) a preferred lender arrangement.

An “opportunity pool loan” means a private education loan made by a lender to a student attending the University or a family member of the student, that involves a payment, directly or indirectly, by the University of points, premiums, additional interest, or financial support to the lender for the purpose of the lender extending credit to the student or the student’s family.

Ban on Staffing Assistance
Villanova University shall not request or accept from any lender any assistance with call center staffing or financial aid office staffing. However, this prohibition does not preclude requesting or accepting assistance from a lender related to: (i) professional development training for financial aid administrators; (ii) providing educational counseling, financial literacy or debt management materials to borrowers that identify the lender who assisted in preparing or providing the materials; or (ii) staffing services on a short term, nonrecurring basis to assist the University with financial aid-related functions during emergencies.

Ban on Compensation for Service on Advisory Board
No employee who is employed in Villanova University’s financial aid office, or who otherwise has responsibilities with respect to education loans or other student financial aid of the University, and who serves on an advisory board, commission, or group of lenders or guarantors, shall be permitted to receive anything of value from the lender, guarantor, or group of lenders or guarantors, except for reimbursement for reasonable expenses incurred in serving on such advisory board, commission, or group.

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Constitution Day, September 17, 2017

Constitution Day Lecture, Book Signing: Henry Olsen: 9/14

This year’s Constitution Day event will be hosted by the Ryan Center and the VCLE on Sept. 14, 4 p.m., in Bartley Hall 1011. Henry Olsen, of the Ethics and Public Policy Center, will be delivering the talk "We The People: Ronald Reagan's Populist Constitutionalism." Charlie Gerow and Earl Baker will offer response. Mr. Olsen, an important public commentator and author, will be available after the event to sign his much-acclaimed book, The Working Class Republican: Ronald Reagan and the Return of Blue-Collar Conservatism.

 

 

Please contact us with any questions.

Office of Financial Assistance
Villanova University
800 Lancaster Ave
Kennedy Hall, Second Floor
Villanova, PA 19085
Telephone: (610) 519-4010
Fax: (610) 519-7599
Email: finaid@villanova.edu

Freshman Deadlines

Freshman Class of 2021 Financial Assistance Application Deadlines:

  • January 15, 2017 -- 2017-2018 Free Application for Federal Student Aid (FAFSA) must be filed PRIOR TO this date online at www.fafsa.gov 
  • January 15, 2017 -- 2017-2018 College Board Profile must be filed PRIOR TO this date online at profileonline.collegeboard.com
  • January 15, 2017* -- Completed signed copies of custodial parent(s)', stepparent's, and student's 2015 US Federal or Puerto Rico Tax Return as well as 2015 Federal W-2's, 1099/1099R's, and all tax schedules must be submitted to IDOC.

    *As early as November 1, 2016, but no later than January 15, 2017

**Financial Aid Awards will be available for viewing on April 1

Returning Student Deadlines

The Villanova University deadline for 2017-2018 financial aid for returning students is:

April 1, 2017 - Completed application materials must be postmarked by this date.

·2017-2018 Free Application for Federal Student Aid (FAFSA) must be filed PRIOR TO this date online at www.fafsa.gov.

·2017-2018 College Board Profile must be filed PRIOR TO this date online at profileonline.collegeboard.com.

·Completed signed copies of custodial parent(s)’, stepparent’s, and student’s 2015 US Federal or Puerto Rico Tax Return as well as 2015 W-2’s, 1099/1099R’s, and all tax schedules must be submitted to IDOC. *Do not submit tax documents to the Office of Financial Assistance*

IRS Data Retrieval Tool

Please Note: The IRS Data Retrieval Tool is currently unavailable.  While this tool is down, anyone selected for the Federal Verification Process must submit Signed Federal Income Tax Returns, for tax filers, and/or the Signed Non-Tax Filer Statement, for non tax-filers. Please refer to Step 4: Federal Verification for complete instructions.