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Local Schools Share Mixed Opinions on Student Loan Code of Conduct

Eleven colleges in Missouri have agreed to a code of conduct regarding student loans.

But, there are some big names that haven't signed on just yet.

KSMU's Matt Petcoff has the story...

Attorney General Jay Nixon announced Wednesday that eleven of Missouri's colleges and universities have agreed to a code of conduct regarding student loans.

Locally, Drury University and Southwest Baptist University have signed on.

The idea is to protect students from kickbacks paid to colleges by lenders in exchange for steering students their way.

What the code essentially says is that the schools will not enter such an agreement.

Scott Holste is a spokesman for Nixon.

He says this should help students and their families make informed decisions when it comes to paying for college.

Two schools that have yet to agree to the code are Missouri State University and the University of Missouri.

Holste says the attorney generals office is in contact with most if not all of the remaining schools in the state.

But, Missouri State officials say they are working out specifics before they agree to the code.

Paul Kincaid the Chief of Staff at Missouri State.

He says the way the code is currently written insinuates that everyone was involved in these kinds of agreements and that they won't sign on until some of the wording is changed.

Kincaid says in no way does Missouri State disagree with the principal of a code of conduct.

He says they are working with the attorney general to reach an agreement that would satisfy both sides.