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Fact, an 8 year oldamp;#39;s social security number is far more valuable than that of a 50 year old because the youngsters credit is perfect, itamp;#39;s totally clean. Anyone who steals their identity could spend 10 years completely ruining that childamp;#39;s credit before they turned 18. By the time the students apply for a loan or fill out a rental application, they could be in for a horrible surprise. FERPA, the Family. Educational Rights and Privacy Act of 1974 is a federal law that protects the privacy of student data including education records, grades and all personally identifiable information including social security numbers. And if you think a studentamp;#39;s Social Security number isnamp;#39;t valuable because theyamp;#39;re too young to have any credit, youamp;#39;d be wrong. While protecting personally identifiable information is extremely important, itamp;#39;s equally important to know exactly what data falls under the PII category. Social Security numbers, p