Financial Aid - Employee Title IV Loan Code of Conduct

financial aid

The educational administrators, employees and stakeholders, of Metro Technology Centers believe that our professional behavior must conform to an ethical code. Therefore Metro Technology Centers has established a Code of Ethics for the educational administrators, employees and stakeholders of the District. In addition, the following Title IV Loan Code of Conduct has been established, and is applicable to all financial aid staff, officers, employees and agents of the institution.

  1.  No action will be taken by financial aid staff that is for their personal benefit or could be perceived to be a conflict of interest.
    1. Employees with the financial aid office will not award aid to themselves or their immediate family members.  Staff will reserve this task to an institutionally designated person, to avoid the appearance of a conflict of interest.
    2. No amount of cash, gift or benefit shall be accepted by a financial aid staff member from and financial aid applicant (or his/her family), or from any entity doing business with or seeking to do business with the institution (including service on advisory committees or board beyond reimbursement of reasonable expenses directly associated with such service).
  2. Information provided by the financial aid office is accurate, unbiased, and does not reflect preference arising from actual or potential gain.
  3. Institutional award notifications and/or other institutionally provided materials shall include the following:
    1. A breakdown of individual components of the institution’s Cost of Attendance, designating all potential billable charges.  (see Student Consumer and Procedure Guide)
    2. Clear identification of each offer notification, indicating type of aid, i.e. gift aid (grant, scholarship) or loan.
    3. Standard terminology and definition. (see Consumer and Procedure Guide)
  4. All required consumer information is displayed in a prominent location on the institutional web site and in any printed materials, easily identified and found, and labeled as “Consumer Information”.
  5. Financial aid professionals will disclose to their instuition any involvement, interest in, or potential conflict of interest with any entity with which the institution has a business relationship.
  6. Financial aid staff will not encourage students to borrow student loans.
  7. Financial aid staff will counsel student on excessive borrowing