The authority for gathering 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. ), while the authorities for gathering and with 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, together with your SSN, to engage.
The main purposes for gathering the info on this kind, including your SSN, are to confirm your identification, to find out your eligibility to get that loan 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, allowing the servicing of the loan(s), and, you and to collect and report on your loan(s) if your loan(s) become delinquent or in default if it becomes necessary, to locate. Read more