500²ÊƱÍøCode of Conduct for Financial Aid
In compliance with the Higher Education Opportunity Act of 2008, the Student Fiscal Affairs Office (SFAO) at 500²ÊƱÍø (MSM) and agents of the Institution will maintain a professional relationship with lenders, guarantors, loan servicers, or the like when performing services relating to the administration of the Federal Direct and/or Private Loans.
The SFAO staff and agents of 500²ÊƱÍø are prohibited in engaging in any of the following activities:
- revenue-sharing arrangements with any lender
- the solicitation or acceptance of any gift from a lender, guaranty agency or loan servicer
- contractual agreements relating to education loans
- assigning or recommending to a borrower a particular lender or guaranty agency
- requesting or accepting the offer of funds for private loans from any lender
- accepting staffing assistance from any lender
- endorsement of lenders
- acceptance of advisory board compensation
The Student Fiscal Affairs Office will not restrict a borrower in any way from selecting his/her lender of choice nor shall they experience any unnecessary delays in loan certification.