Federal Perkins Loan Master Promissory Note (Mpn; Pdf: Fill & Download for Free

For searching for records on the web go to backgroundtool.com Its both general public as well as non-public information. It goes over and above what a single resource can do for you or what engines like google can provide you with. You will have accessibility to public record information, social networking summary, a general online lookup, court records, records of criminals, telephone records (both general public and privately owned directories ), driving records and even more.Are US federal student loans accessible on a public record?If you apply for financial aid, your school will likely include student loans as part of your financial aid package. It’s important to understand what types of loans you are offered. Generally, there are two types of student loans:Federal student loans: These loans are funded by the federal government.Private student loans: These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school.If you need to borrow money to pay for college or career school, start with federal student loans.Federal student loans are:Direct Subsidized Loans and Direct Unsubsidized Loans;Direct PLUS Loans (for graduate and professional students or parents); andFederal Perkins Loans.What are the differences between federal and private student loans?Federal student loans include many benefits (such as fixed interest rates and income-driven repayment plans) not typically offered with private loans. In contrast, private loans are generally more expensive than federal student loans.The chart below provides a summary of the differences.More about privacy and your student aid recordsIf you have applied for federal student aid or have received a federal student loan, the Office of Federal Student Aid is authorized to maintain a record of all transactions related to your application or loan.Review the System of Records notices, which list the authorized disclosures and the safeguards for Office of Federal Student Aid systems under the Privacy Act of 1974, as amended. The systems that apply specifically to loans that you receive under the Direct Loan Program are #18-11-05 called Title IV Program Files and #18-11-06 called National Student Loan Data System (NSLDS).The fact that you have completed an electronic Master Promissory Note (MPN), Direct PLUS Loan Request or Entrance Counseling will be communicated to the school for which you are borrowing the money. The privacy of financial aid records (and admission, enrollment, and other records) kept by an educational institution is protected by the Family Educational Rights and Privacy Act. Click here to read the FERPA regulations.INTRODUCTION TO PRIVACY IMPACT ASSESSMENTSection 208 of the E-Government Act of 2002 (P.L.107-347) requires FSA to complete a Privacy Impact Assessment for each new system that collects information from the public through the Internet.During the Definition Phase of the FSA Solution Lifecycle, the System Security Officer must make sure that the team completes the attached Privacy Impact Assessment Questionnaire, must have it reviewed by the Chief Information Officer or equivalent official, and must file the completed form in the system's Security Notebook as part of the system's documentation. This Privacy Impact Assessment must also be made publicly available.Privacy Impact Assessment QuestionnaireSystem Name: Common Origination and Disbursement (COD)System Owner: William LeithSystem Manager: Nancy HooverSystem Security Officer: Don DorseyPrivacy Impact Assessment Questionnaire Author: Don DorseyDate: 1/22/2008Officials and organizational components involved in the analysis and review of the Privacy Impact Assessment included the following: Department of Education Office of the Chief Information Officer, Federal Student Aid (FSA) CIO Computer Security Officer, and COD management, including the System Security Officer.What information will be collected for the system (Ex. Name, Social Security Number, annual income, etc)?The COD system receives, processes and stores privacy act related data, such as names, social security numbers, current address, date of birth, place of birth, telephone numbers, and dollar amounts.The general public does not have access to COD.Why is this information being collected?The information is provided by the student applicants and the schools participating in the Title IV Higher Education Student Financial Aid Programs to enable the administration of the Federal Title IV grants and loans by the Department. The Title IV loans and grants are used by eligible students to attend those schools.How will FSA use this information?FSA/COD uses this student-level detail to book loans, account for awarded grants and to enable the Department to reconcile school cash drawdowns from the Treasury to individual student disbursements.This information also is used to ensure the respective schools receive the appropriate amount of dollars during the respective time periods.Will this information be shared with any other agency? If so, with which agency or agencies?Not routinely (This information can be made available for a civil or criminal law enforcement activity that is authorized by law, upon a written request by the agency).Describe the notice or opportunities for consent would be/ or are provided to individuals about what information is collected and how that information is shared with others organizations. (e.g., posted Privacy Notice)Extensive Privacy Act notices are posted at the web site of the Free Application for Federal Student Aid (FAFSA - Free Application for Federal Student Aid). The basis for the data sent to COD by colleges is the FAFSA®, which is filled out by student applicants first. The FAFSA® is an OMB approved data collection instrument (OMB #1845-0001)