Pitzer College prohibits any officer, employee, or agent of Pitzer College who has responsibility with respect to education loans from:
A. receiving any remuneration for serving as a member or participant of an advisory board of a lending institution, or receiving any reimbursement of expenses for so serving, provided, however, that participation on advisory boards that are unrelated in any way to higher education loans shall not be prohibited by the code. Notwithstanding the above, individuals are not prohibited from serving on a board of directors of a publicly traded or privately held company.
B. consulting or providing other contract services for a lending institution. This article does not prohibit a financial aid officer from consulting for, or serving on advisory board constituted by, the federal government consistent with Pitzer College’s Policy on Conflict of Interest and federal law.
C. owning stock or holding any another financial interest in a lending institution, other than through ownership of shares in a publicly traded mutual fund or similar investment vehicle in which the person does not exercise any discretion regarding the investment of the assets of the investment vehicle.
D. soliciting or accepting gifts or anything of more than de minimus value on his or her own behalf or on behalf of another from or on behalf of a lending institution and receiving any payment or reimbursement by a lending institution to a College employee for lodging, meals, or travel to conferences or training seminars. This provision shall not be construed to prohibit any officer, employee, or agent of Pitzer College who has responsibility with respect to educational loans from conducting non-College business activity with any lending institution, or prevent Pitzer College from holding membership in any nonprofit professional association.
For purpose of this code, “gifts” include any gratuity, favor, discount, entertainment, hospitality, loan, or other item having a monetary value of more than a de minimus amount, including services, transportation, lodging, and meals. A gift does not include standard materials, activities or programs related to a loan being provided; favorable terms, conditions or borrower benefits provided to a student employed by Pitzer College if comparable terms are provided to all students of Pitzer College; philanthropic contributions to an institution unrelated to education loans; or state education grants, scholarships or financial aid funds.