Northwestern College has participated in an FSA loan program, and has published and enforced a code of conduct that includes bans on:

• Revenue sharing arrangements with any lender
• Steering borrowers to particular lenders or delaying loan certifications
• Offers of funds for private loans to students in exchange for providing concessions or promises to the lender for a specific number of FSA loans, a specified loan volume, or a preferred lender arrangement

The code of conduct applies to the officers, employees, and agents of the school and must alsoprohibit employees of the financial aid office from receiving gifts from a lender, guaranty agency or loan servicer.

The code must also prohibit financial aid office staff (or other employees or agents with responsibilities with respect to education loans) from accepting compensation for:

• Any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans
• Service on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses