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Fair Lending Practices – Code of Conduct

Fair Lending Practices – Code of Conduct

UT Health San Antonio is committed to maintaining the highest standards of professional conduct and ethical behavior. Ensuring the integrity of the student financial aid process and programs is critical to providing equity and access to higher education. With the Reauthorization of the Higher Education Act of 1965, Congress requires that all colleges post a Code of Conduct relating to financial aid, private lending and student choice. Hence, the staff in the Veteran Services and Financial Aid (VSFA) office herein confirms that we adhere to the following sound practices:

I. University employees do not receive any personal benefits from Lending Institutions. No member of the VSFA staff will accept anything of more than a nominal value on his or her behalf of another person or entity from any Lending Institution. For example, cash, stocks, gifts, entertainment, expense-paid trips, etc, will never be accepted from a Lending Institution. Likewise, an individual will never accept payment or reimbursement from a Lending Institution for lodging, meals or travel to conferences or training seminars.

II. The University does not provide any advantage to a Lending Institution. The Staff in VSFA does not accept anything of value from any Lending Institution in exchange for any advantage or consideration provided to the Lending Institution related to its student loan activities, including, but not limited to revenue-sharing, printing costs or below-cost computer hardware or software.

III. The University does not make use of any “Suggested Lender Lists”. Our students may select any private/alternative lender of their choice and request certification from our office without a penalty or delay in processing.

IV. University employees do not serve on lender advisory boards for remuneration. No officer, trustee or employee of the university who makes financial aid decisions for the university or who is employed in, supervises or otherwise has responsibility or authority over the VSFA office will receive any remuneration for serving as a member or participant on a student loan advisory board of a Lending Institution, or receive any reimbursement of expenses for such service.