Loan Program Information Privacy Notice
The principal purposes for collecting the information on the Kansas University Endowment Association (KU Endowment) loan application, including your SSN and/or student ID number, are to verify your identity to determine your eligibility to receive a loan or a benefit on a loan (such as a deferment, forbearance, discharge, or cancellation) under the KU Endowment Loan Program, to permit the servicing of your loan(s), and if it becomes necessary, to locate you and to collect on your loan(s) if your loan(s) becomes delinquent or in default. We also use your SSN and/or your student ID number as an account identifier and to permit you to access your account information electronically.
The information in your file may be disclosed to third parties as authorized under routine uses in the appropriate systems of records. The routine uses of this information include its disclosure to agencies that we authorize to assist us in administering our loan programs, to credit bureau organizations, to educational institutions, and to contractors in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan(s), to counsel you in repayment efforts, to enforce the terms of the loan(s), to investigate possible fraud, to locate you if you become delinquent in your loan payments or if you default, to provide default rate calculations, to provide financial aid history information, to assist program administrators with tracking refunds and cancellations, or to provide a standardized method for educational institutions to submit student enrollment status.
KU Endowment safeguards customer information using various tools. KU Endowment discloses nonpublic personal information only in connection with processing and servicing individual loan transactions. We limit access to personal information to protect against its unauthorized use. The only KU Endowment employees who have access to your personal information are those who need it as a part of their jobs.
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