Code of Conduct

Staff members in the Office of Scholarships and Financial Aid have always been bound to act in compliance with the vision outlined in our Mission Statement and the National Association of Student Financial Aid Administrator's Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals.

  • No staff member shall accept any gift worth more than $10 from a representative of a student loan provider.  The Department of Education has defined "gift" as:
    • "Any  gratuity, favor, discount, entertainment, hospitality, loan or other item valued at more than a de minimus amount.
    • The term includes services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or by reimbursement."
  • Staff can participate in meals, refreshments, and receptions in conjunction with professional association meetings, trainings, or conference events open to all attendees.
  • Staff will place all unsolicited marketing materials (such as pens, pads and markers) received from lenders in the reception area for the use of students and parents.
  • Office visits by representatives of major lenders are normally limited to once a quarter.
  • Staff members are free to pursue part-time employment outside of their scheduled work day. However, any staff member who is approached by a lender with an offer for supplemental employment will provide full written details to his/her supervisor. Staff members can not accept supplemental employment with lenders that creates any potential "conflict of interest" with the operations of the Office of Scholarships and Financial Aid.
  • Staff members shall not accept any remuneration or expense-reimbursement for serving as a member of a lender's advisory board.  No staff members of the Office of Scholarships and Financial Aid serve as a member of a lender's advisory board. Staff would need the written approval of the Vice-President for Enrollment Management to serve on a lender's advisory board. 
    • Staff may participate on advisory boards that are unrelated in any way to higher education loans.
  • Loyola University New Orleans does not currently require staff to complete and submit financial disclosure forms as a condition of employment. All staff members in the Office of Scholarships and Financial Aid will disclose to his or her immediate supervisor if an assigned task could create a perceived or real "conflict of interest" in the eyes of the public.

Staff who knowingly fail to follow these guidelines will be subject to disciplinary action.

  •  Loyola University New Orleans does not have a revenue-sharing arrangement with any student loan provider. These agreements are prohibited.
  • Lender account representatives are not permitted to work within the Office of Scholarships and Financial Aid or to pass themselves off as employees of the University.

Federal Reference:

 

Updated June 12, 2010