Traditional university records management systems often rely on centralized, fragmented, and vulnerable methods of data storage. This can compromise security, hinder efficient sharing of information, and limit students' ownership of their educational journeys. Blockchain technology, coupled with the principles of self-sovereign identity (SSI), offers the potential to revolutionize how student records are created, stored, and shared. This review paper synthesizes emerging research and explores the transformative implications of blockchain and SSI for university records management. It examines how these technologies streamline administrative processes, enhance data security and trustworthiness, empower students to control their narratives and foster collaboration between educational institutions. Key benefits, technical considerations, and real-world implementation challenges are critically analyzed. The paper concludes with a call to action for universities, technology providers, researchers, and policymakers to collaborate on innovative solutions. This collaboration will pave the way for a more secure, student-centric, and efficient future for educational records management.