MidAmerica Nazarene University’s Office of Financial Services abides by the National Association of Student Financial Aid Administrators (NASFAA) Statement of Ethical Principles. These principles are as follows.
Financial aid professionals at MidAmerica Nazarene University shall:
MNU shall not assign any first-time borrower's education loans, through award packaging or other methods, to a particular lender. Nor shall the University refuse to certify, or delay certification of, any loan based on the borrower's selection of a particular lender or guaranty agency.
No officer, employee, or agent of MidAmerica Nazarene University shall solicit or accept any "gift" from a lender, guarantor, or servicer of education loans. "Gift" includes any gratuity, favor, discount, entertainment, hospitality, loan or other item having monetary value of more than a de minimus amount. This prohibition also applies to gifts to family members of the above individuals when the gift was given with the knowledge and acquiescence of such individual, and the individual has reason to believe the gift was given because of such individual's official position.
MidAmerica Nazarene University will not enter into any "revenue-sharing arrangement" with any lender. A "revenue-sharing arrangement" is an arrangement whereby the University recommends to students and family a lender of educational loans, and then in exchange, the lender pays a fee or provides other material benefits, including revenue or profit-sharing, to the University, or an officer, employee or agent of the University.
No officer or employee of MidAmerica Nazarene University who is employed in the financial aid office or otherwise has responsibilities with respect to education loans, or an agent who has responsibilities with respect to education loans, shall accept from any lender or affiliate of any lender any fee, payment or other financial benefit (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.
MidAmerica Nazarene University shall not request or accept from any lender any assistance with call center staffing or financial aid office staffing. However, this prohibition does not preclude requesting or accepting assistance from a lender related to: (1) professional development training for financial aid administrators, (2) providing educational counseling, financial literacy or debt management materials to borrowers that identify the lender who assisted in preparing or providing the materials, or (3) staffing services on a short term, nonrecurring basis to assist MNU with financial aid-related functions during emergencies.
No employee who is employed in MidAmerica Nazarene University’s financial aid office, or who otherwise has responsibilities with respect to education loans or other student financial aid of the University, and who serves on an advisory board, commission, or group of lenders or guarantors, shall be permitted to receive anything of value from the lender, guarantor, or group of lenders or guarantors, except for reimbursement for reasonable expenses incurred in serving on such advisory board, commission, or group.
|MidAmerica Nazarene University
Student Financial Services
Campus Center Building
2030 E College Way
Olathe, KS 66062
8:00 a.m.—5 p.m. Central
Toll Free: 1-800-800-8887