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11/2019
DIRECT CONSOLIDATION LOAN REQUEST TO ADD LOANS: IMPORTANT NOTICES
Privacy Act Notice
The Privacy Act of 1974 (5 U.S.C. 552a) requires that the following notice be
provided to you:
The authority for collecting the requested information from and about you is
§451 et seq. of the Higher Education Act (HEA) of 1965, as amended (20
U.S.C. 1087a et seq.) and the authorities for collecting and using your Social
Security Number (SSN) are §484(a)(4) of the HEA (20 U.S.C. 1091(a)(4)) and
31 U.S.C. 7701(b). Participating in the William D. Ford Federal Direct Loan
(Direct Loan) Program and giving us your SSN are voluntary, but you must
provide the requested information, including your SSN, to participate.
The principal purposes for collecting the information on this form, including
your SSN, are to verify your identity, to determine your eligibility to receive a
loan or a benefit on a loan (such as a deferment, forbearance, discharge, or
forgiveness) under the Direct Loan Program, to permit the servicing of your
loan(s), and, if it becomes necessary, to locate you and to collect and report
on your loan(s) if your loan(s) become delinquent or in default. We also use
your SSN as an account identifier and to permit you to access your account
information electronically.
The information in your file may be disclosed, on a case-by-case basis or
under a computer matching program, to third parties as authorized under
routine uses in the appropriate systems of records notices. The routine uses
of this information include, but are not limited to, its disclosure to federal,
state, or local agencies, to private parties such as relatives, present and
former employers, business and personal associates, to consumer reporting
agencies, to financial and educational institutions, and to guaranty agencies
in order to verify your identity, to determine your eligibility to receive a loan
or a benefit on a loan, to permit the servicing or collection of your loan(s), to
enforce the terms of the loan(s), to investigate possible fraud and to verify
compliance with federal student financial aid program regulations, or to
locate you if you become delinquent in your loan payments or if you default.
To provide default rate calculations, disclosures may be made to guaranty
agencies, to financial and educational institutions, or to state agencies. To
provide financial aid history information, disclosures may be made to
educational institutions. To assist program administrators with tracking
refunds and cancellations, disclosures may be made to guaranty agencies, to
financial and educational institutions, or to federal or state agencies. To
provide a standardized method for educational institutions to efficiently
submit student enrollment status, disclosures may be made to guaranty
agencies or to financial and educational institutions. To counsel you in
repayment efforts, disclosures may be made to guaranty agencies, to
financial and educational institutions, or to federal, state, or local agencies.
In the event of litigation, we may send records to the Department of Justice,
a court, adjudicative body, counsel, party, or witness if the disclosure is
relevant and necessary to the litigation. If this information, either alone or
with other information, indicates a potential violation of law, we may send it
to the appropriate authority for action. We may send information to
members of Congress if you ask them to help you with federal student aid
questions. In circumstances involving employment complaints, grievances, or
disciplinary actions, we may disclose relevant records to adjudicate or
investigate the issues. If provided for by a collective bargaining agreement,
we may disclose records to a labor organization recognized under 5 U.S.C.
Chapter 71. Disclosures may be made to our contractors for the purpose of
performing any programmatic function that requires disclosure of records.
Before making any such disclosure, we will require the contractor to
maintain Privacy Act safeguards. Disclosures may also be made to qualified
researchers under Privacy Act safeguards.
Financial Privacy Act Notice
Under the Right to Financial Privacy Act of 1978 (12 U.S.C. 3401-3421), ED
will have access to financial records in your student loan file maintained in
compliance with the administration of the Direct Loan Program, and also to
the financial records of any account at a financial institution used to disburse
Direct Loan funds to you.
Paperwork Reduction Notice
According to the Paperwork Reduction Act of 1995, no persons are required
to respond to a collection of information unless the collection displays a valid
OMB control number. The valid OMB control number for this information
collection is 1845-0007. Public reporting burden for this collection of
information is estimated to average 10 minutes (0.17 hours) per response,
including time for reviewing instructions, searching existing data sources,
gathering and maintaining the data needed, and completing and reviewing
the collection of information. The obligation to respond to this collection is
required to obtain a benefit in accordance with 34 CFR 685.201(c)(1).
If you have comments or concerns regarding the status of your individual
submission of this form, contact:
[INSERT SERVICER ADDRESS]
OMB No. 1845-0007
Form Approved
Exp. Date 07/31/2022
