CTSFW

Concordia Theological Seminary – Fort Wayne, IN

CTSFW

Concordia Theological Seminary – Fort Wayne, IN

Code of Conduct for Federal Student Loans

May 2009

This code of conduct applies to all employees of Concordia Theological Seminary (CTSFW), Fort Wayne, Indiana, officers and agents;  particularly to all who have responsibilities with respect to Federal Student Aid and student loans.

Concordia Theological Seminary (CTSFW) will not:

  • assign lenders to first time borrowers;
  • cause unnecessary loan certification delays for lenders not on the preferred lender list. However, some delays may occur when a lender is selected that does not have suitable technical compatibility with our normal loan processing;
  • choose lenders for the preferred lender list that have offered or provided inducements to this school.

CTSFW prohibits the following activities:

  • All revenue sharing between lenders and this institution (loan volume in exchange for money or gifts)
  • Financial aid employees and their family members receiving gifts* from lenders or guarantors or servicers
  • Contracting between school employees and lenders
  • Opportunity pool loans
  • Staffing assistance provided by lenders
  • Printing costs or services provided by lenders
  • Delaying loan certification based on borrower choice of lender
  • Seminary officers and employees receiving remuneration for service as a member or participant of an advisory board of a guarantor or lending institution involved in higher education loans, with the exception of receiving reasonable travel expense reimbursement.

*Definition of Gifts: A gift is any gratuity, favor, discount, entertainment, hospitality, loan or other item having greater than a small monetary value (approximately $10). A gift is not:

  • a brochure, workshop or training using standard materials relating to a loan, default aversion or financial literacy;
  • food, training or informational material provided as part of a training session designed to improve the service of a lender, guarantor or servicer if the training contributes to the professional development of the institution’s officer, employee or agent;
  • favorable terms and benefits on an education loan provided to a student employed by the institution if those terms and benefits are comparable to those provided to all students at the institution;
  • philanthropic contributions from a lender, guarantor or servicer that are unrelated to education loans or any contribution that is not made in exchange for advantage related to education loans.