SECTION 12: 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 authorities for collecting the requested information
from and about you are §421 et seq. and §451 et seq. of
the Higher Education Act of 1965, as amended (20 U.S.C.
1071 et seq. and 20 U.S.C. 1087a et seq.), and the
authorities for collecting and using your Social Security
Number (SSN) are §§428B(f) and 484(a)(4) of the HEA (20
U.S.C. 1078-2(f) and 1091(a)(4)) and 31 U.S.C. 7701(b).
Participating in the Federal Family Education Loan (FFEL)
Program or 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 FFEL and/or Direct Loan Programs,
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) becomes delinquent or defaults. 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.
Paperwork Reduction Notice. According to the
Paperwork Reduction Act of 1995, no persons are
required to respond to a collection of information
unless it displays a currently valid OMB control
number. The valid OMB control number for this
information collection is 1845-0102. Public reporting
burden for this collection of information is estimated to
average 20 minutes (0.33 hours) per response,
including the time for reviewing instructions, searching
existing data resources, gathering and maintaining the
data needed, and completing and reviewing the
information collection. Individuals are obligated to
respond to this collection to obtain a benefit in
accordance with 34 CFR 682.215, 685.209, or 685.221.
If you have questions regarding the status of your
individual submission of this form, contact your loan
holder (see Section 7).
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