AGENCY: Board of Regents (Utah). Higher Education Assistance Authority

SERIES: 12359
TITLE: Disclosure statements
DATES: 1985-2007.
ARRANGEMENT: Chronological by guarantee date, thereunder numerical by lender code, thereunder alphabetical by borrower's surname

DESCRIPTION: Disclosure statements for Stafford, SLS, PLUS, and Consolidated loans, originals held by the loan holder, copies needed for documentation by the State Board of Regents.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 12/1993

FORMAT MANAGEMENT

Paper copy: Retain in Office for 2 years and then transfer to State Records Center. Retain in State Records Center for 23 years and then destroy.

APPRAISAL

Administrative Legal

This disposition is based on 34 CFR 682.414, which states that loan information must be retained "for at least 5 years after the loan is paid in full or has been determined to be uncollectable." The administrative need is due to possible loan deferments which could extend the payment period.

PRIMARY DESIGNATION

Exempt. Family Education Rights and Privacy (FERPA) 34 CFR 99.

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