Immaculata University expects the highest levels of professionalism and ethical behavior from all financial aid employees and agents whose responsibilities include student financial aid matters. These financial aid employees and agents must avoid even the appearance or perception of any conflict of interest regarding their student aid responsibilities. They must refrain from taking any action they believe is contrary to law, regulation, or the best interest of the students which they serve, and must disclose all conflicts identified in this policy.
This code is established to standardize the best practices at Immaculata University in providing optimal educational loans to our students and their parents.
1. The University shall not enter into any revenue-sharing arrangement with any lender.
2. University employees will not accept anything from lenders/guarantors doing business with or anticipating doing business with the University other than promotional items of nominal value or food and beverages consumed in the presence of a lender/guarantor.
3. University employees are prohibited from receiving anything of value, including trips, for serving on the advisory board of a loan institution.
4. Lender lists will be based solely upon the best interest of the student and parents. Students and parents will be told that they may select the lender of their choice regardless of the list.
5. No lender may obtain placement on the lender list for a certain type of loan by providing incentives to the University.
6. The University will not accept financial benefits from a lender or guarantor in return for being placed on the University’s lender list.
7. All financial aid employees will comply with the National Association of Student Financial Aid Administrators (NASFAA) Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals.