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| Statement on
Student Loan Providers |
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In the context of recent news reports about
institutional and personal relationships between
some student loan providers and financial aid
authorities at a few colleges and universities, we
would like to reassure the Pomona College community
of the following:
Pomona College does not have special business
relationships with any student loan providers and
does not receive considerations or financial
reimbursements from any lenders.
All Pomona College officials are required, as part
of routine Conflict of Interest reports, to disclose
any relationships in which they or members of their
immediately families stand to benefit from decisions
made in the course of their work for the College. No
such relationships have been reported and we are
confident that none exist.
Students are provided with lists of "suggested
providers" for student loans. This list is based
entirely on the quality of service that these
lenders have provided to Pomona College students. In
fact, the college has no preference about the choice
of lender, and no considerations of any sort are
provided in return for inclusion on these lists.
Students are free to deal with other loan providers,
and many do. The college works with all such lenders
to facilitate the financing choices of its students. |
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