Consumer Information
Code of Conduct for Educational Loans Summary
Iowa Code Section 261E.2 and Sections 487(a)(25) and 487(e) of the Higher Education Act of 1965, as amended, require the development, administration, and enforcement of a code of conduct governing educational loan activities. Officers, employees, trustees and agents-including the alumni association, booster club and other organizations associated with Maharishi University of Management agree to the provisions of this Code of Conduct and will refrain from:
- Denying a Federal Stafford, Federal PLUS or Federal Consolidated loan borrower his or her choice of a lender or guarantor.
- Packaging private educational loans in a student’s financial aid award, except under conditions described in the body of the Code of Conduct.
- Accepting impermissible gifts, goods, or services from a lender, lender servicer, or guarantor. Maharishi University of Management may accept certain services or other items of nominal value as described in the body of the Code of Conduct.
- Accepting philanthropic contributions from a lender, lender servicer, or guarantor that are related to the educational loans provided by the lender, lender servicer, or guarantor.
- Serving on or otherwise participating as a member of an advisory council for a lender, lender affiliate, or lender servicer.
- Accepting from a lender or its affiliate any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or other contract to provide education loan-related services to or on behalf of the lender.
- Accepting fees or other benefits in exchange for endorsing a lender or the lender’s loan products.
- Requesting or accepting competitive rates on private educational loans in exchange for a specified amount of loan activity, or in exchange for endorsing the lender’s federal student loans.
Maharishi University of Management is committed to providing the information and resources necessary to help every student achieve educational success. To accomplish this goal the financial aid staff will consider each student’s individual needs.
A comprehensive Code of Conduct detailing permissible and impermissible activities has been provided to all Maharishi University of Management officers, employees and agents affiliated with this college. See the comprehensive Code of Conduct. (PDF)
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