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271.00 FINANCIAL ARRANGEMENTS BETWEEN STAFF AND STUDENTS

Without the express approval from the Chief Academic Officer, personnel employed by the College shall not enter into any type of personal financial arrangements either with current students or prospective students of the College unless such students are relatives of the employee. Strict observance of this policy will avoid possible embarrassing situations for employees as well as students.

1. This policy includes such agreements as:

a. Lending or borrowing more than incidental amounts of money to or from students.

b. Selling products or offering personal services to students.

c. Co-signing notes with students for the purpose of securing a loan.

d. Direct payment of personal funds for services rendered in the regular conduct of the College programs.

e. Direct payment of personal funds for any expenses incurred by students.

f. Assisting students in the establishment of charge accounts.

2. Students in need of funds are to be encouraged to contact the Financial Aid Officer at the College or a commercial lending agency for advice on established procedures to follow in such cases.

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