AGENCY: University of Utah (Utah)

SERIES: 81743
TITLE: Student loan check reconciliation listings
DATES: 1967-1984.
ARRANGEMENT: Chronological

DESCRIPTION: This record is used to track down non-default(?) student loan (NSDL) payment problems to initiate payment or settle accounting questions. This includes serial number, date issued, date cleared, amount used, amount cleared, amount differences, outstanding issues, name of student, and narrative explanation of loan terms.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1987

FORMAT MANAGEMENT

Paper: Retain in Office for 1 year and then transfer to State Records Center. Retain in State Records Center for 1 year and then microfilm and destroy provided microfilm has passed inspection.

Microfilm master: Retain in Office for 5 years and then transfer to State Records Center. Retain in State Records Center for 20 years and then destroy.

APPRAISAL

Administrative

Code of Federal Regulations (CFR) Title 34, Section 682.408 stipulates that records involving student loans be maintained for five years after the final payment of the loan or five years after the payment of the loan is determined to be uncollectable. 34 CFR 682.401(b)(9) indicates that there is a maximum repayment period of fifteen years after the loan is made. A twenty-five year retention allows for a possible five year deferment and the stipulated five year retention after the loan has been paid in full. Previous decision: RDR 83-24 stipulates microfilming.

PRIMARY DESIGNATION

Private

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