Tufts University has always been committed to the highest standards of professional conduct and ethical behavior. We recognize that ensuring the integrity of the student financial aid process is critical to providing fair and affordable access to higher education. With the Reauthorization of the Higher Education Act of 1965, Congress has required that all colleges post a Code of Conduct relating to financial aid, private lending and student choice. Accordingly, the institution’s officers, employees and/or agents with responsibilities with respect to such loans shall adhere to the following sound practices.
I. University employees do not receive any personal benefits from Lending Institutions
No member of the Office of Financial Aid staff will 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. 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 the Office of Financial Aid 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. Likewise, the University does not allow any Lending Institution to staff the Office of Financial Aid at any time.
III. The University makes appropriate use of any Preferred Lender Lists
Tufts University School of Medicine does not offer a preferred lender list for private/alternative loans. However, we abide by the following:
- Students and their parents are free to select the Lending Institution of their choice for private/alternative loans.
- Students and their parents may borrow through any lender they choose for a private/alternative loan.
- The University does not assign a borrower’s loan to a particular lender and will certify all loans based on a borrower’s selection of a lender for a private/alternative loan.
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 Office of Financial Aid 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.