Institutional Code of Conduct for Education Loans
Office of Financial Aid Code of Conduct
A WATC financial aid professional is expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity. In doing so, the WATC financial aid office will adhere to the following codes of conduct:
- Lender List Guidelines
The WATC Lender List is based solely on the best interests of students and parents who may use the list and without regard to the financial interests of the college.
- Lender Disclosures
Students and parents have the right and ability to select a private lender of their choice, regardless of whether such lender appears on WATC’s lender list.
- Revenue Sharing
The WATC financial aid office will not accept anything of value from any lender in exchange for any advantage sought by the lender. Lenders will not be required or allowed to pay to be placed on WATC’s lender list.
- Gifts and Trips
WATC financial aid employees will not accept anything of more than nominal value from any lender. This includes gifts or trips of any kind. This does not include pens, pencils, note pads, candy, coffee mugs, calendars, tee shirts, informational brochures, etc.
- Advisory Board Membership
WATC financial aid employees will not receive compensation or anything of value for serving on the advisory board of any lender.
- Lender Identification
No employee of any lender may work in or provide staffing in WATC’s financial aid office. In addition, WATC shall direct employees of lenders to clearly identify themselves as employees of the lender and to never identify themselves as college employees when meeting or speaking with students or parents.
- Legal Compliance
WATC shall comply with all financial aid regulations to administer federal and state student financial aid.