Student Loan Code of Conduct
Contact: Student Financial Services
William Jewell College prohibits a conflict of interest or the appearance thereof with regard to the responsibilities of an officer, employee or agent of the College regarding both Title IV and private alternative loans. As such, the College will not enter into any revenue-sharing arrangement with any lender.
In addition, the College, or any employee or agent of the College, will not solicit or accept any gift from a lender, guarantor or servicer. The College’s officers, employees and agents with education loan responsibilities will not accept any fee, payment or other financial benefit (including the opportunity to purchase stock) from a lender 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 except as provided in the HEOA.
In recognition of this standardized national code of conduct, the College will not assign, through award packaging or other methods, a lender for first-time borrowers, nor refuse or delay certification of any loan based on the borrower’s selection of a particular lender or guarantor.
The College will not accept an offer of funds for private loans from any lender including funds for an opportunity pool loan, in exchange for the school providing concessions or promises of loan volume or a preferred lender arrangement. The College will not accept staffing assistance from any lender in its financial aid operation except as provided in the HEOA.
Finally, the College’s financial aid employees will not receive anything of value from a lender, guarantor or group of lenders or guarantors as compensation to serve on their advisory boards, commissions or groups except for reasonable expenses incurred as provided by the HEOA.
HEA 487(a)(25) and 487(e)
Certification
I certify that I have read, understand and agree to comply with the terms and conditions outlined in this Code of Conduct. I acknowledge my responsibility to adhere to these standards and understand that failure to do so may result in appropriate action.
Printed Name: __________________________________________
Signature: _____________________________________________
Title/Position: ________________________________________
Date: _________________________________________________