What are the issues for counselors and teachers if a student does not provide a FERPA Waiver?

It’s possible, but unlikely, that a student will read your letters of recommendation once they are in college. Without a signed waiver, a student has the right to access confidential information related to her/his application of admission. This right only applies to those held by colleges in which they are enrolled. The student would have to go through a formal FERPA request process to access those records, and there’s no requirement of colleges to hold those letters of recommendation after an admissions decision is made.

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What's the difference between a FERPA Release and a FERPA Waiver?

Do I need a signed FERPA Release to send transcripts and recommendations to colleges?