NASFAA Webinar

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Topic: NASFAA’s Ethical Principles and Code of Conduct
Date: October 3, 2007

In this Webinar, 2007-08 NASFAA National Chair Michael Bennett, NASFAA President Dallas Martin, and attorney Mike Goldstein from Dow Lohnes PLLC (one of the attorneys who advised the NASFAA Board on the development of the NASFAA Code of Conduct), discuss NASFAA's Statement of Ethical Principles and the Code of Conduct.

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Background Information
In April 1999, NASFAA’s Board of Directors adopted a 12-point Statement of Ethical Principles that has served as a common foundation for accepted standards of conduct for the financial aid professional. Recognizing that the primary goal of the financial aid professional is to help students achieve their educational potential by providing appropriate financial resources, the statement addressed the standards that should be followed by these individuals in conducting their daily responsibilities.

This Statement of Ethical Principles was developed by the Association’s Task Force on Standards of Excellence after hours of thoughtful discussion about the unique, multi-faceted role that financial aid professionals have at their institutions.

Recognizing that postsecondary educational institutions across the nation differ in their governing and administrative decision-making structures and operating policies and procedures, the Task Force focused its attention upon those general standards of conduct that financial aid professionals should adhere to regardless of their place of employment or how the institution performs its business practices.

In the past, these principles have served as a sound framework to guide financial aid professionals in their everyday conduct. But as business practices, notably in the highly competitive student loan arena, have changed, NASFAA recognizes that as an organization we must go beyond the general concepts enunciated in our statement of ethical principles.

Individuals confronted with these new circumstances therefore are seeking additional and more specific advice from NASFAA regarding how they should respond to this new environment. As such, NASFAA’s Board of Directors has adopted this Code of Conduct for Institutional Financial Aid Professionals to further clarify its original Statement of Ethical Principles and to provide additional guidance on the standards of conduct that should be followed by all members of the Association in conducting their daily responsibilities.

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