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Financial Aid Office

Code of Ethics and Code of Conduct

The Minot State University Financial Aid Office has adopted the NASFAA (National Association of Student Financial Aid Administrators) statement of Ethical Principles as their Code of Ethics and Code of Conduct.

Code of Ethics
The Statement of Ethical Principles provides that the primary goal of Minot State University’s financial aid professionals is to help students achieve their educational potential by providing appropriate financial resources.  To this end, this Statement provides that the financial aid professional shall:

Code of Conduct
Financial aid professionals do not function in a vacuum.  First and foremost, they accept an obligation to their institution, and especially its students and families, to manage and interpret the complexities of the student financial assistance process.  They must also work collaboratively with state and federal agencies and with private entities such as student loan providers to promote college access and improve student service.  Finally, every student financial aid professional must continually be involved in training and professional development to ensure that he or she can provide efficient service that is in strict compliance with all applicable laws and regulations.

Institutions employing financial aid professionals increasingly are bound under federal and state law, or voluntarily adopted code of institutional conduct, that bear on the administration of the student financial aid programs in general and the student loan programs in particular.  While financial aid professionals cannot dictate institutional conduct, they can and must abide by their own professional standards.  Ensuring ethical behavior through established standards and guidance is the most important core principle for self-governance in any profession in order to assure the public of the profession’s integrity.  This is a responsibility we embrace.

In consideration of the complexity of the tasks confronting institutional financial aid professionals, the NASFAA Board of Directors has promulgated this Code of Conduct to further guidance respecting the Statement of Ethical Principles.  The Code is intended to help guide financial aid professionals in carrying out these obligations, particularly with regard to ensuring transparency in the administration of the student financial aid programs, and to avoid the harm that may arise from actual, potential, or perceived conflicts of interest.

The Financial Aid Professionals are expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.  In doing so, a financial aid professional should:

Adopted November, 2007