Federal Loan Information, Federal Student Loan Information, Federal Loan Consolidation, Social Security Number

America's Top Student Loan Provider

Protecting Your Personal Information

When you are applying for a federal loan consolidation, you need to provide your Social Security number. But wait! There is no need to panic. Your lender will handle your personal information securely and confidentially. These are the reasons why lenders need your information and why they work hard to protect your information.

by Carleen Trapp

When you apply for a federal loan consolidation, there is no need to be nervous about providing your Social Security number. Your credit history does not factor into the approval process. Your Social Security number is, however, required to access your federal loan information. The federal government maintains a database of borrowers' student loan information. This database is called the National Student Loan Data System (NSLDS). It only contains federal loan information and lists your lenders, amounts of loans, disbursement dates, and interest rates.

Access to NSLDS is regulated by the federal government. In order for lenders to have access to NSLDS, their employees must pass a background check, and they must enforce strict regulations on how information is accessed and used.

There are severe penalties for violating government rules applicable to NSLDS use, and such violations may make a lender ineligible for future use. Because of this, federal consolidation lenders are exceptionally careful about how they handle your personal information and Social Security number. If they did not take steps to ensure your privacy, they would be risking their businesses.

Although you must provide your Social Security number to begin the application process and access your federal student loan information on NSLDS, you should feel comfortable that your personal information will be handled securely and confidentially throughout the consolidation process by the lender you choose.

	Article Title : Protecting Your Personal Information
	Comment not found for this article.

Share this story:

EdFed introduces� Awareness� Learnal

At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!

Thanks to Law School Loans and my above-par loan counselor, I know where to go if I ever have questions about my student loans again! Thank you so much, you've been very helpful and have helped to make my "financial situation" a little more bearable!
- Shannon P. Chicago, IL

* Your Name:		* Your E-mail Address:
		We respect your privacy.

* Your Friend's name:		* Your Friend's E-mail address:






Include a Message:


		+ Privacy Policy

CONSOLIDATION NEWS

	Schools Will No Longer Receive Paper FAFSA Forms (September 20, 2007)
news desk

CALCULATORS


			Stafford Loan Payment Calculator
			PLUS Loan Payment Calculator
			Loan Consolidation Payment Calculator



	Articles
	Calculators
	FAQs
	Glossary of Terms
	Loan Comparison Chart
	Scholarship Search


		While you are attending school and after you graduate, be sure to establish and protect your good credit rating. Make all loan and other payments on time; use cash instead of credit cards; and monitor your spending habits.

Free Webinar by Harrison Barnes

To Succeed in Any Job You Need to Create Work

Monday, March 22, 2010 at 1:00 PM PST.

Comprehensive List of Schools at which EdFed Assists Students.


		EdFed is a FFELP lender with lender identification number 834241. © Copyright 2010 EdFed. All Rights Reserved. Home · About Us · Contact Us · News · Sitemap Career Advice · Tell a Friend · Privacy Policy Resume Service · Resume Distribution Service

EDFED NEWSLETTERS

Email Address:

+ Most Recent Newsletter

+ Newsletter Archives

Shoot for the moon. Even if you miss it, you will land among the stars.

Our Companies: Graduate School Loans | Law School Loans | Medical School Loans | Merchant Cash Advance | MerchantCreditAdvance