(a) 3 years after the end of the award year in which the student last attended for records relating to a student or parent borrower's eligibility and participation in the FFEL or Direct Loan Program, purge;
(b) 3 years after the end of the award year in which the records are submitted for all other records relating to its participation in the FFEL or Direct Loan Program, including records of any other reports or forms, purge
Exception: In the event of a subpoena, audit, legal hold, public records or similar state or federal information request, halt until further instructed any scheduled disposal activities, including purging or transferring material to University Archives.