Statement of Ethical Principles

The primary goal of the financial aid professional is to help students achieve their educational goals through financial support and resources.    NASFFA’s Statement of Ethical Principles is aspirational and serves as a set of guiding policies and behaviors.  The following guidelines were last updated by NASFAA’s Board of Directors in March 2014.

We, financial aid professions, declare our commitment to the following Statement of Ethical Principles.  Financial aid administrators shall:


Advocate for students

·         Remain aware of issues affecting students and continually advocate for their interests at the institutional, state, and federal levels.

·         Support federal, state and intentional efforts to encourage students, as early as the elementary grades, to aspire to and plan for education beyond high school.

Manifest the highest level of integrity

·         Commit to the highest level of ethical behavior and refrain from conflict of interest or the perception thereof.

·         Deal with others honesty and fairly, abiding by our commitments and always acting in a manner that merits the trust and confidence others have placed in us.

·         Protect the privacy of individual student financial records.

·         Promote the free expression of ideas and options, and foster respect for diverse viewpoints within the profession.

Support student access and success

·         Commit to removing financial barriers for those who want to pursue postsecondary learning, and support each student admitted to our intuition.

·         Without change, assist students in applying for financial aid funds.

·         Provide services and apply principles that do not discriminate on the basis of race, gender, ethnicity, sexual orientation, religion, disability, age, or economic status.

·         Understand the need for financial education and commit to educate students and families on how to responsibly manage expenses and debt.

Comply with federal and state laws

·         Adhere to all applicable laws and regulations governing federal, state, and institutional financial aid programs

·         Actively participate in ongoing professional development and continuing education programs to ensure ample understanding of status, regulations, and best practices governing the financial aid program.

 

·         Encourage colleagues to participate in the financial aid professional associations available to them at the state, regional, or national level and offer assistance to other aid professionals as needed.