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 larger 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. ), and also the authorities for gathering and utilizing your Social Security quantity (SSN) are §484(a)(4) regarding the HEA (20 U.S.C. 1091(a)(4)) and 31 U.S.C. 7701(b). Playing 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 your SSN, to take part.
The key purposes for gathering the info on this type, including your SSN, are to confirm your identity, to find out your eligibility to get financing or good results on that loan (such as for instance a deferment, forbearance, release, or forgiveness) beneath the FFEL Program, Direct Loan Program, and/or Perkins Program, to allow the servicing of one’s loan(s), and, if it is needed, to find both you and to gather and report on your own loan(s) when your loan(s) become delinquent or in standard. 继续阅读