CR80News | Florida loses some student loan promissory notes containing Social Security numbers

Monday, July 13, 2009

Stolen laptops or hacked student databases are one thing, but lost student loan promissory notes? That’s what Florida’s Department of Education is telling 475 student-loan borrowers. According to the Office of Financial Student Assistance, the students’ financial records may have been exposed to identity theft due to the lost notes that students signed when they were going to school, and have now fallen behind on.

“While your file was being processed for reassignment during the week of May 25, 2009, your promissory note(s) was lost,” read the memo from the financial assistance office that went to the borrowers. The office “cannot verify if the record of your promissory note(s) has been tampered with or if the confidentiality of your promissory note(s) was compromised,” the letter added. It urged borrowers to place a fraud alert on their credit files.

Lake Superior College (LSC) in Duluth, Minn. has launched a new official campus ID dubbed the LSCPlus Card, an all-in-one swipeable card for students.

The LSCPlus Card will work similar to a debit card, storing any remaining student loan balances and work study, student employment payments. The new cards will also be used for access to campus services and functions, granting students’ library privileges, and a free Duluth Transit Authority (DTA) bus pass.

Police investigates more than 2,000 stolen emergency contact cards

Police are investigating more than 2,000 student emergency contact cards that were stolen from North Miami Beach Senior High School, according to a local news report. The cards hold students’ personal information, some including their social security numbers.

University of Maryland student information stored on publicly accessible computer

A state audit found that personal and financial information for students considering attending the University of Maryland were stored on publicly accessible servers that could make students easy prey to ID thieves.

Bear Pass rolls out at Missouri universitiy

Missouri State University in Springfield is rolling out its new Bear Pass, a student ID card that also provides door access and debit card functionality. The purpose behind the new card is to make the campus safer while keeping a student’s information secure, according to school officials.

Payment cards complement student IDs in campus laundry facilities

Florida students have more payment options thanks to wireless WaveRiders

A new laundry payment and management system at the University of Florida accepts the GatorOne campus ID card as well as credit and debit cards.

U.S. Bank offers incentives to graduate, good grade perks

U.S. Bank has announced that it now offers student loan customers two new incentives to graduate - the U.S. Bank Graduation Perk and the Good Grades Perk - giving the opportunity to earn up to three percent off their original loan amount financed.

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Florida loses some student loan promissory notes containing Social Security numbers