National Student Loan Database up for Grabs

Technocrat

National Student Loan Database up for Grabs

zogger

Sun Apr 15 18:59:30 -0700 2007

Security.

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The US government maintains a database of student loan records, including the usual data of social security numbers, etc. It turns out they have been allowing intensive database mining by companies who could then use the information for any number of marketing angles, at a minimum. This database is only officially for a few purposes and theoretically should only be accessed with the students permission or when the company has a direct financial interest following up the loan, but it turned into a free for all and students were being deluged with all sorts of "offers" from other companies.

.."The improper searching has grown so pervasive that officials said the Education Department is considering a temporary shutdown of the government-run database to review access policies and tighten security. Some worry that businesses are trolling for marketing data they can use to bombard students with mass mailings or other solicitations."..more "your data is never owned by you once you give it up" there

National Student Loan Database up for Grabs

Sean Diggity

Sun Apr 15 20:57:00 -0700 2007
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...could explain why I get so many phone calls, so much junk mail/spam about my loans...

National Student Loan Database up for Grabs

Terri Curtis

Fri Apr 20 00:06:20 -0700 2007
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I can answer some questions for you. If you have student loans you will always continue to get calls and mail. The Credit Bureus sell your name, phone, address to lenders and third party telemarkerters. That is how they make money. If you listen to the federal disclosure that you are read. It states, "you may prohibit info in your credit report from being used, if not in,) remember maybe hearing something like that? okay NOW CALL the Credit Bureu and request that your credit reports be closed to all unsolicited offers. That will stop all junk mail, that includes credit cards,windows and calls UNLESS you do business with that company.2. Student loan consoldation will not pull a credit reports,are not needed or considered'

They are not giving you more money. they are combing your Federal loans. It Improves your debit to income ratio.3. NEVER, Never pay off your Federal student loans withe credit card, home equitys, or any other great brain storms. THey are Federally Insured if you become disabled or pass away they are forgiven another good idea why a parent plus loan is fine in one parents name.Remember if your student gets mail on campus or at your home while in school, even magazine disclosures in the book fronts sell and trade your info. So think while you are at home OUR cherbs are out there, with our unlisted phone numbers, address. CLOSE your credit reports each NEW loan will show and continue to show for ten years after they are paid off Scarey

National Student Loan Database up for Grabs

Bryan Price

Mon Apr 16 09:47:11 -0700 2007
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No wonder I keep getting junk mail from my step-son.

National Student Loan Database up for Grabs

Jason

Mon Apr 16 10:50:44 -0700 2007
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Isn't there some federal law regarding the Government's use of our social security numbers?
Q

National Student Loan Database up for Grabs

President4242

Mon Apr 16 13:05:51 -0700 2007
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Worst use I know of- this data shows up in credit checks, and during the "what can we do to limit the 300 applicants we got for this position" time during the 2001-2003 recession, I had at least 80 fast food applications denied because "You're overqualified". Doesn't matter if I left my degree off the application- doesn't matter if I had been out of work for more than a year- even the guy asking "you want fries with that" had to have a credit check, and the credit check will show your education if you paid for it with loans (even if those loans have been paid off for more than half a decade).