How can I be sure that the Clearinghouse will provide enrollment information only to legitimate entities?
Your agreement with the Clearinghouse allows us to share personally identifiable enrollment data only with stipulated authorized entities, including a student’s guarantor, lender, servicer, the U.S. Department of Education, or the student’s former school for compliance with the Student Right to Know Act. Acting as each participating school’s contractual agent, the Clearinghouse ensures that enrollment information is shared only with student loan providers or other legitimate entities by enforcing the following operational procedures:
- Only schools, student loan providers (guarantors, lenders, and servicers), and other authorized entities are can participate with the Clearinghouse.
- Schools and student loan providers must sign a contract warranting that they will seek status information only on former students (if they are a school) or borrowers (if they are a loan provider).
Schools and student loan providers commit, in their Clearinghouse contract, to request data only for students whose enrollment data they have a right to know in carrying out their responsibilities under Title IV of the Higher Education Act, the Student Right to Know Act, and other authorized purposes.