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Information Classification for Student Loans

Information Owner: Assoc. Comptroller-University Collections

Office Responsible for System: University Collections Office

Data Steward: Hans Sigg

Date: September 2003

Student Loan Related Information:

Student Loan section of University Collections primary mission is to manage the Federal Perkins, Health Profession and Private Purdue University Loan funds. Student Loan programs consist of two operational areas: Loan Operations and Loan Collections.

Loan Operations is primarily responsible for the daily processing of student loan notes, payments, deferments and required exit interviews for those students that withdraw or graduate from Purdue. This area also audits the daily and monthly transactions made to the student loan information system.

Loan Collections is responsible for due diligence on the student loan programs. This involves using various collection practices necessary to help delinquent borrowers correct their past due payment problems.

Information Name Description Classifications
Public Sensitive Restricted
Fiscal Operation Reports Information dealing with classes, totals, and demographics. X    
Loan Agreements Agreements and information that are signed and filed to establish and maintain the Loan. (Promissory Notes, Disclosure Statements, Supplemental information forms, Deferment forms, Cancellation Forms and Disbursement Advice Forms)     X
SSN & FERPA regulations
Loan Balances For individual borrowers.     X
FERPA regulations
Transactions List of all activity related to individual borrowers.     X
FERPA regulations
Loan Program Information Table and chart information such as Interest Rates & Payment Minimums for Loan Types. X    
Collection Activity Delinquency notices, follow-up letters, collection agency and litigation information.     X
FERPA regulations