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Bethel's Student Loan Code of Conduct
- Preferred Lender Guidelines
Preferred or suggested lender lists used by Bethel will be based solely on the
best interests of students and parents who may use the list and without regard to the financial interests of the college.
- Lender Disclosures
All preferred or suggested lender lists maintained by Bethel will clearly and
fully disclose the criteria and process used to select the lenders included on such lists.
Students and parents will also be told that they have the right and ability to select a lender
of their choice, regardless of whether such lender appears on Bethel's lender list.
- Revenue Sharing
Bethel will not accept anything of value from any lender in exchange for any
advantage sought by the lender. Lenders will not be required or allowed to pay to be
placed on Bethel’s preferred lender list.
- Gifts and Trips
Bethel employees will not accept anything of more than nominal value from any
lender. This includes gifts or trips of any kind.
- Advisory Board Membership
Bethel employees will receive no compensation or anything of value for serving
on the advisory board of any lender.
- Lender Identification
No employee of any lender may work in or provide staffing in Bethel's financial
aid office. In addition, Bethel shall direct employees of lenders to clearly identify
themselves as employees of the lender and to never identify themselves as Bethel
employees when meeting or speaking with students or parents.
