SUNY New Paltz works diligently to ensure that its officers, employees and agents avoid conflicts of interest in connection with their responsibilities relating to providing and administering student loans for our students.
SUNY New Paltz does not have a preferred lender list. The College does, upon request, certify student eligibility for private alternative loans in accordance with the following Code of Conduct.
1) SUNY New Paltz does not enter into a revenue-sharing arrangement with any lender.
2) No officer or employee of SUNY New Paltz who works in the financial aid office or who otherwise has responsibilities with respect to education loans, will solicit, or accept any gift or other thing of value from a lender, guarantor, or servicer of education loans. Certain items provided or contributed by lenders are not considered gifts, such as training materials or philanthropic contributions unrelated to education loans.
3) No officer or employee of SUNY New Paltz who works in financial aid office, or who otherwise has responsibilities with respect to education loans, will accept from any lender any fee, payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to a lender.
4) SUNY New Paltz will not select, assign or refer a student to a particular lender or refuse to certify, or delay certification of, any loan based on the borrower's selection of a particular lender.
5) SUNY New Paltz will not request or accept from any lender any offer of funds to be used for private education loans, including funds for an opportunity pool loan, to students in exchange for the campus providing concessions or promises to the lender.
6) SUNY New Paltz does not request or accept from any lender any assistance with call center staffing or financial aid office staffing.
7) No officer or employee of SUNY New Paltz who works in the financial aid office, or who otherwise has responsibilities with respect to education loans, and who serves on an advisory board, commission, or group established by a lender or guarantor, will receive anything of value for such service.