Walsh College of Accountancy and Business Administration recognizes that ensuring the integrity of the student financial aid process is critical to providing fair and affordable access to college. Therefore, the Financial Aid Office has formalized the following guiding principles that are designed to avoid any potential for a conflict of interest between the College, its students or their parents in the student financial aid process.
1. College employees should receive no personal benefit:
No member of the Financial Aid Office shall accept anything of more than nominal value on his or her behalf or on behalf of another person or entity from any Lending Institution. For example, cash, stocks, gifts, entertainment, expense-paid trips, etc. should never be accepted from a Lending Institution. Likewise, an individual should never receive payment or reimbursement from a Lending Institution for lodging, meals or travel to conferences or training seminars. However, an officer, trustee or employee of the College may: (a) conduct non-College business with any Lending Institution and, subject to state law, receive value in connection with such non-College business, so long as such value is not intended to influence the officer, trustee or employee in conducting College business; (b) conduct College business and, subject to state law, receive value on behalf of the College that is unrelated to the student loan activities of the Lending Institution; (c) attend conferences and meetings of tax-exempt organizations that are funded or sponsored by more than one entity and, subject to state law, receive materials, refreshments, and other things of like value provided at such professional conferences and meetings; and, (d) hold membership in, serve on the board of or participate in the activities of any tax-exempt organization and, subject to state law, receive travel reimbursements and other things of like value from the tax-exempt organization for such activities.
2. College employees should not serve on lender advisory boards for remuneration:
No member of the Financial Aid Office who makes financial aid decisions for the College shall receive any remuneration for serving as a member or participant of an student loan advisory board of a Lending Institution or any reimbursement of expenses for such service.