This code of conduct applies to all employees of Concordia Theological Seminary (CTSFW), Fort Wayne, Indiana, officers, and agents, particularly those with responsibilities related 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 the borrower’s 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 an advantage related to education loans