Baker College is committed to maintaining the highest ethical standards in the administration of student loans. All employees must act in the best interest of students and their families, ensuring that personal gain does not influence financial aid decisions. The College prohibits any acceptance of benefits from lending institutions and mandates that students and their families have the freedom to choose their lenders. By following this Student Loan Code of Conduct Policy, Baker College seeks to foster trust and integrity within the financial aid process, ensuring that the needs of students and their families are prioritized.

Acceptance of Benefits

College employees are prohibited from accepting anything of more than nominal value from lending institutions, either personally or on behalf of others, in exchange for inclusion on lender lists or special treatment.

Advisory Board Participation

Employees who are involved in financial aid decisions are not allowed to receive any compensation or reimbursement for serving on advisory boards of lending institutions.

Interaction with Lending Institutions

The College shall not accept any benefits from lenders in exchange for advantages or considerations related to student loan activities.

Preferred Lender List

Baker College does not publish a preferred lender list. While the College may suggest lenders, recommendations will be based on factors such as borrower incentives for timely repayment, efficient loan processing, and customer service. Students and parents retain the right to choose any lender, and the College will ensure timely processing for non-electronic lenders.

Compliance and Reporting

All employees are required to adhere to this policy and report any violations or concerns to the appropriate College authority.