The authority for gathering the required information from and about yourself is §421 et seq., §451 et seq., and/or §461 et seq. Of the greater Education Act (HEA) of 1965, as amended (20 U.S.C. 1071 et seq., 20 U.S.C. 1087a et seq., and/or 20 U.S.C. 1087aa et seq. ), additionally the authorities for gathering and making use of your Social Security quantity (SSN) are §484(a)(4) for the HEA (20 U.S.C. 1091(a)(4)) and 31 U.S.C. 7701(b). Taking part in the Federal Family Education Loan (FFEL) Program, William D. Ford Federal Direct Loan (Direct Loan) system, and Federal Perkins Loan (Perkins) Program and giving us your SSN are voluntary, however you must make provision for the required information, as well as the sites your SSN, to take part.
The key purposes for gathering the info with this kind, including your SSN, are to confirm your identification, to ascertain your eligibility to get that loan or good results on that loan (such as for example a deferment, forbearance, release, or forgiveness) underneath the FFEL Program, Direct Loan Program, and/or Perkins Program, allowing the servicing of the loan(s), and, if it is needed, to discover both you and to gather and report in your loan(s) should your loan(s) become delinquent or perhaps in standard. We additionally make use of your SSN as a merchant account identifier also to enable you to access your bank username and passwords electronically.
The knowledge in your file might be disclosed, on a basis that is case-by-case under some type of computer matching system, to 3rd events as authorized under routine uses within the appropriate systems of records notices. Continue reading “Privacy Act Notice. The Privacy Act of 1974 (5 U.S.C. 552a) calls for that the notice that is following supplied to you personally:”