The nature of the problem investigated deals with the perceived value of student credentials by organizations since the enactment of the Family Educational Rights and Privacy Act. The study investigates correlation between organizational size and perceived value, as well as determination of significant difference between social and industrial organizations and those who hire predominately degree recipients and those who do not with respect to this legislation. A survey questionnaire was developed and mailed to 125 randomly selected industrial and social organizations. The responses were analyzed according to the aforementioned areas. Sixteen percent of the surveys received indicated a decrease in perceived value. There was no correlation between organizational size and mean value of credentials, and no significant difference in perceived value of credentials between organizations who hire predominately degree recipients and those who do not. The results did indicate that industrial organizations place less value on student credentials than social organizations. It was recommended that the student credential forms be modified in order to allow students to waive their right to view these credentials. It is recommended that studies be carried out in this area to determine what areas of concern organizations have with respect to student credentials. The results shall further be utilized with respect to job placement counseling. (Author)