Code of Conduct for Educational Loans

(Revised 01/2018)

Mountain State College is committed to providing students and their families with the best financial aid information and processing alternatives available regarding student borrowing. In support of this and in an effort to rule out any perceived or actual conflict of interest between Mountain State College officers, employees or agents and education loan lenders, Mountain State College has adopted the following Code of Conduct:

  • Mountain State College does not participate in any revenue-sharing arrangements with any lender.
  • Mountain State College does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor or servicer.
  • Mountain State College does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans.
  • Mountain State College does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any thing of value from a lender, guarantor or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor, group of lenders and/or guarantors. Mountain State College does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders, guarantors, or groups of lenders and/or guarantors.
  • Mountain State College financial aid professionals will disclose to their institution any involvement, interest in, or potential conflict of interest with any entity with which the institution has a business relationship.
  • Mountain State College employees within the financial aid office will not make awards of financial aid to themselves or their immediate family members. Staff will reserve this task to an institutionally designated person to avoid the appearance of a conflict of interest.
  • Mountain State College does not assign a lender to any first-time borrower through financial aid packaging or any other means.
  • Mountain State College recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. Mountain State College will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower’s selection of a lender and/or guarantor.
  • Mountain State College will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
  • Mountain State College will not request or accept any assistance from any lending institution with call center or financial aid office staffing.