The State University of New York at Cobleskill 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.
In accordance with state and federal law, you should be aware that the following activities
are prohibited. Some of these prohibitions involve technical definitions which can
be found by referring to the applicable state and federal law. If you wish to obtain
this information, please contact the SUNY Cobleskill Financial Aid Office.
- SUNY Cobleskill does not enter into any revenue-sharing arrangement with any lender.
- No officer, employee or agent of SUNY Cobleskill who is employed in the financial
aid office or who otherwise has responsibilities with respect to education loans,
will solicit or accept any gift or other thing the value from a lender, guarantor,
or servicer of education loans. You should be aware that certain items provided or
contributed by lenders are not considered gifts, such as training materials, philanthropic
contributions unrelated to education loans, and entrance and exit counseling services.
- No officer, employee or agent of SUNY Cobleskill who is employed in the financial
aid office or who otherwise has responsibilities with respect to education loans,
will 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.
- SUNY Cobleskill will not, for any first-time borrower, assign, through award packaging
or other methods, the borrower’s loan to a particular lender or refuse to certify,
or delay certification of, any loan based on the borrower’s selection of a particular
lender or guaranty agency.
- SUNY Cobleskill will not request or accept from any lender, any offer of funds to
be used for private education loans, including funds for any opportunity pool loan,
to students in exchange for the campus providing concessions or promises regarding
providing the lender with a specified number of loans made, insured, or guaranteed,
a specified loan volume, or a preferred lender arrangement for such loans.
- SUNY Cobleskill does not request or accept from any lender any assistance with call
center staffing or financial aid office staffing.
- No employee of SUNY Cobleskill who is employed in the financial aid office or who
otherwise has responsibilities with respect to education loans or other student financial
aid and who serves on an advisory board, commission, or group established by a lender,
guarantor, or group of lenders or guarantors, will receive anything of value from
the lender, guarantor, or group of lenders or guarantors for such service