Student Loan Cash Input Transaction Reports
Records that document the repayment of student loans on a daily basis and is used to apply the loan payments to the individual student accounts. Information may include student name, loan amount, and other related information.
Retain for three years after loan repayment or assignment to U.S. Department of Education.
34 C.F.R. 668.24; 34 C.F.R. 674.19
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