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Code of Conduct Regarding Student Loans

  1. Oklahoma State University-Oklahoma City shall not enter into any revenue-sharing arrangement with any student loan lender. This is defined as any arrangement between Oklahoma State University City and a lender that results in the lender paying a fee or other benefits, including a share of the profits, to the school, its officer, employees, or agents, as a result of the school recommending the lender to its students or families of those students.

  2. No officer or employee who is employed in the Financial Aid and Scholarship Office at Oklahoma State University-Oklahoma City or who otherwise has responsibilities with respect to education loans shall solicit or accept any gift from a lender, guarantor or servicer of educational loans. The term “gift” means any gratuity, favor, discount, entertainment, hospitality, loan, or other item having a monetary value or more than a nominal amount.

  3. An officer or employee who is employed in the Financial Aid and Scholarship Office at Oklahoma State University-Oklahoma City or who otherwise has responsibilities with respect to education loans shall not 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.

  4. Oklahoma State University-Oklahoma City shall 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.

  5. Oklahoma State University-Oklahoma City shall not request or accept from any lender any offer of funds to be used for private education loans to students in exchange for the institution providing concessions or promises regarding providing the lender with a specified number of loans made, a specified loan volume, or a preferred lender arrangement for such loans.
     
  6. Oklahoma State University-Oklahoma City shall not request or accept from any lender any assistance with call center staffing or Financial Aid and Scholarship Office staffing.

  7. Any employee who is employed in the Financial Aid and Scholarship Office at Oklahoma State University-Oklahoma City or who otherwise has responsibilities with respect to education loans or other student financial aid at Oklahoma State University-Oklahoma City and who serves on an advisory board, commission, or group established by a lender guarantor, or group of lenders or guarantors shall be prohibited from receiving anything of value from the lender, guarantor or group of lenders or guarantors except that the employee may be reimbursed for reasonable expenses incurred in serving on such advisory board, commission, or group.

Satisfactory Academic Progress Policy

Federal regulations require the Financial Aid and Scholarship Office to monitor the academic progress of students who apply for federal financial aid. Students receiving any type of federal and/or state financial assistance at OSU-Oklahoma City must show academic progression toward the completion of their degree or certificate by maintaining their:

 

Grade Point Average – Maintain a minimum cumulative grade point average of 1.7 on a 4.0 scale for 0 – 30 attempted hours OR 2.0 on a 4.0 scale for greater than 30 hours attempted.

 

Measurement of Completion Ratio (PACE) – Successfully complete at least sixty-seven (67) percent of all credit hours attempted. To determine your completion ratio, review your transcript then divide the number of earned hours by the number of attempted hours.

 

Total Number of Earned Hours
Total Number of Attempted Hours

 

Excessive Hours (Maximum Timeframe of Eligibility) – students are allowed a maximum timeframe of 150% the hours required to complete their degree. Students with hours over this timeframe or who have already received a degree will be deemed ineligible for aid. Students in this situation will need to submit a financial aid appeal and receive an appeal approval in order to be considered eligible for aid at OSU-Oklahoma City. Financial Aid Appeal forms are on our website.

 

We encourage all financial aid applicants to thoroughly read the Financial Aid Satisfactory Academic Progress Policy Snapshot and seek assistance from Academic Advisement on how to plan their future enrollments to ensure continued financial aid eligibility.

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