Student Promissory Notes
Records that document promissory notes for student loans negotiated for the current academic year. The notes become part of the borrowers loan records at the end of the academic year.
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