updated 5/12/2010 8:25:06 PM ET 2010-05-13T00:25:06

Nine people have been indicted in federal court on charges they accessed President Barack Obama's student loan records while employed for a Department of Education contractor in Iowa.

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The U.S. attorney's office says a grand jury returned the indictments Wednesday in U.S. District Court in Davenport.

The nine individuals are charged with exceeding authorized computer access.

They are accused of gaining access to a computer at a Coralville, Iowa, office where they worked between July 2007 and March 2009, and accessing Obama's student loan records while he was either a candidate for president, president-elect or president.

Arraignments are scheduled for May 24.

The charge is punishable by up to one year in prison and a fine of up to $100,000.

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