Retain for five years after the retirement of the loan or write off of loan then dispose of.
42 C.F.R. 57.215; 45 C.F.R. 74.53
Confidential destruction is required. Paper must be shredded, pulped, or incinerated; electronic records must be overwritten or the storage media physically destroyed. Deletion of information in computer files or on electronic storage media is not sufficient.
Last Updated: December 31, 2008