Policy Number: FA004
Version Number: 1.0
Responsible University Official: Provost
Effective Date: 15 June 2009
Saint Louis University achieves its mission of teaching, research, and community service in a manner consistent with its Catholic, Jesuit mission and philosophy. All employees, including administrators, faculty, and staff, are expected to conduct themselves in a manner which is also consistent with this mission and philosophy.
This policy establishes a code of conduct that reiterates and reflects Saint Louis University's continuing commitment to conducting financial aid practices with integrity, free from conflicts of interest, in the interest of students, and in compliance with applicable law.
3.0 PERSONNEL AFFECTED
This code of conduct applies to all employees, including administrators, faculty, and staff, including, but not limited to, individuals who are employed in the Office of Student Financial Services or who otherwise have responsibilities with respect to educational loans.
For purposes of this policy, certain key terms are defined as follows:
Lending Institution. Any
(a) entity that itself or through an affiliate engages in the business of making loans to students, parents, or others for purposes of financing higher education expenses or that securitizes such loans; or
(b) entity, or association of entities, that guarantees or services educational loans; or
(c) industry, trade, or professional association that receives money from any entity described in subsections (a) and (b) above.
Preferred Lender Arrangement. An arrangement or agreement between a Lending Institution and Saint Louis University
(a) under which a Lending Institution provides or otherwise issues educational loans to the students attending Saint Louis University or the families of such students; and
(b) that relates to Saint Louis University or an affiliated organization recommending, promoting, or endorsing the educational loan products of the Lending Institution.
Revenue Sharing Arrangement. Any arrangement between Saint Louis University and a Lending Institution that results in the Lending Institution paying a fee or other benefits, including a share of the profits, to Saint Louis University, its officers, employees, or agents as a result of Saint Louis University's recommending the lender to its students or the families of those students.
Saint Louis University:
Higher Education Act of 1965, §§ 151, 153(c)(3) and 493(a)(25) and (e)(as amended, August 14, 2008).
This policy was approved by:
Joe Weixlmann, Ph.D.
Saint Louis University