The authority for collecting the required information from and about you 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. ), therefore the authorities for gathering and utilizing your Social Security Number (SSN) are §484(a)(4) of this 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, you must definitely provide the required information, as well as your SSN, to engage.
The main purposes for gathering the knowledge about this kind, including your SSN, are to validate 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, to allow the servicing of one’s loan(s), and, if it will become necessary, to find 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 free account identifier also to enable you to access your username and passwords electronically.
The knowledge in your file can be disclosed, for a case-by-case foundation or under some type of computer matching system, to 3rd events as authorized under routine uses within the appropriate systems of documents notices.