Notices and Disclosures

The Longy School of Music of Bard College complies with the Department of Education requirements regarding notices and disclosures:

Longy celebrates Constitution and Citizenship Day annually on September 17 or the next school day if it falls on a weekend as required for participation in Title IV.

Title IV Code of Conduct

  1. Longy does not participate in revenue-sharing arrangements with any lender. Longy does not engage in any arrangements that would result in a lender paying a fee or other benefits, including a share of the profits, to the school, its officers, employees, or agents, as a result of the school recommending the lender to its students or families of those students.
  2. Longy bans employees of the Office of Student Financial Assistance from receiving gifts from any lender, guaranty agency, or loan servicer. This is not limited just to those providers of Title IV loans but also private education loans offered to students. Lenders, guarantee agencies, or servicers may offer specific types of activities or literature including:
    • Brochures or training material related to default aversion or financial literacy
    • Food, training, or informational materials as part of training that contributes to professional development
    • Entrance and exit counseling as long as the institution's staff is in control and provides neutral information about student debt
    • Philanthropic contributions from a lender, guaranty agency, or servicer unrelated to education loans
    • State education grants, scholarships, or financial aid funds administered by or on behalf of the state
  3. Longy bans contracting arrangements whereby an employee of the school's financial aid office would accept a fee, payment, or financial benefit as compensation for any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans.
  4. The school is prohibited from steering borrowers to particular lenders or delaying loan certifications. This includes assigning any first-time borrower's loan to a particular lender as part of their award packaging or other methods.
  5. Longy does not request or accept offers of funds in exchange for private loans. This includes any offer of funds for loans to students at the institution, including funds for an opportunity pool loan, in exchange for providing concessions or promises to the lender for a specific number of loans, or inclusion on a preferred lender list.
  6. Longy bans staffing assistance from a lender. This includes any assistance with call center staffing or financial aid office staffing. Lenders may offer assistance related to:
    • Professional development training for financial aid administrators
    • Providing educational counseling materials, financial literacy materials, or debt management materials to borrowers, provided that such materials disclose to borrowers the identification of any lender that assisted in preparing or providing such materials
    • Staffing services on a short-term, nonrecurring basis to assist the school with financial aid-related functions during emergencies, including state-declared or federally-declared natural disasters, and other localized disasters and emergencies identified by the Secretary of the Department of Education.
  7. Longy bans advisory board compensation. Longy employees may not receive anything of value from a lender, guarantor, or group in exchange for serving in this capacity. They may, however, accept reimbursement for reasonable expenses incurred while serving in this capacity.