Code of conduct

University of Northwestern has participated in an FSA loan program, and has published and enforced a code of conduct that includes bans on:

  • Revenue sharing arrangements with any lender
  • Steering borrowers to particular lenders or delaying loan certifications
  • Offers of funds for private loans to students in exchange for providing concessions or promises to the lender for a specific number of FSA loans, a specified loan volume, or a preferred lender arrangement

The code of conduct applies to the officers, employees, and agents of the school and must also prohibit employees of the financial aid office from receiving gifts from a lender, guaranty agency or loan servicer.

The code must also prohibit financial aid office staff (or other employees or agents with responsibilities with respect to education loans) from accepting compensation for:

  • Any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans
  • Service on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses