Union Theological Seminary Financial Aid
 

Financial Aid

Union Theological Seminary Financial Aid Office Code of Conduct

Union Theological Seminary Office of Financial Aid is committed to upholding the highest ethical standards. Employees of the Office of Financial Aid are expected to consistently maintain exemplary professional behavior in all interactions with students and staff of the Seminary, including in all interactions with any entities involved in any manner in student financial aid, regardless of whether such entities participate in government-sponsored, subsidized, or regulated activity.

In addition, Union Theological Seminary is specifically required, as a participant in federal loan programs, to develop, administer, and enforce a Code of Conduct applicable to the Seminary’s officers, employees, and agents. The Code of Conduct requirements are set forth in the Higher Education Opportunity Act (HEOA) signed into law on August 14, 2008. Furthermore, Union Theological Seminary also adheres to obligations codified in the New York State Student Lending Accountability, Transparency and Enforcement (SLATE) Act enacted on May 29, 2007, which applies to the Seminary’s officers, employees, trustees, agents, and contractors.

By this Code of Conduct, Union Theological Seminary:

    • Does not require the use of lenders or in any way limit a student’s choice of lenders.

    • Does not maintain a preferred lender list nor recommend external lenders

    • Processes loan application through any lender a student chooses

    • Does not share revenue and so refuses to solicit or accept anything of value from any lending institution in exchange for any advantage sought by the lending institution, including refusing trips paid for by lenders

    • Prohibits employees of the Office of Financial Aid, or any employee who otherwise has responsibilities with respect to educational loans, from taking from any lender any gift worth more than nominal value

    • Prohibits employees of the Office of Financial Aid, or any employee who otherwise has responsibilities with respect to educational loans, from accepting from any lender or affiliate of any lender any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or any other contract to provide to a lender services related to educational loans

    • Prohibits employees of the Office of Financial Aid, or any employee who otherwise has responsibilities with respect to educational loans, who serve on an advisory board (or commission or group) relating to educational loans established by a lender or group of lenders from receiving anything of value from the lender or group of lenders in connection with serving on the advisory board (or commission or group)

    • Prohibits external lenders’ employees, representatives, or agents from providing staffing services to the financial aid office, except that a lender may provide professional development training, educational counseling materials (as long as the materials identify the lender that assisted in preparing the materials), or staffing services on a short-term, nonrecurring basis during emergencies or disasters

    • Prohibits external lenders’ employees, representatives, or agents from identifying themselves to students of the Seminary as employees, representatives or agents of the financial aid office.

Copies of this Code of Conduct are also available from the Office of Financial Aid at Union Theological Seminary, 3041 Broadway, Rm AD 103, New York, NY 10027.

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3041 Broadway at 121st Street, New York, NY 10027 | Tel: (212) 662-7100

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