Split Big Text File based on Specific Line Item Details

by Oct 28, 2019

I am wanting to know if the below is possible in PowerShell.

I have a large text file [sample listed below].  I need to be able to read each line and output to a new file.  The key is to out a new file every time I run into a specific string [in this case SSNO].  I have a PowerShell where I can output to a new file based on a new line but not based on an element of the line.  As a bonus, if when writing out the line details it could add a {TAB} before each BOLDED item.  Please let me know if something like this is possible for my unstructured data 

Sample Text File

SSNO 111-22-3333 HS NAME BERKLEY VETERAN N DC 1 / APP DATE 12/13/88
LAST NM SMITH HS CITY BERKLEY SEX M DC 2 / CRED ATT 3.0
FIRST NM JOHN HS STE MI MARITAL DC 3 / CRED ERN 0.0
MIDDLE NM ALLEN GRAD DT 06/88 CITIZEN Y DC 4 / HONOR PTS 0.00
MAIDEN NM HS CODE 63/020 COLL 1 CRED 0 CC 1 / *** GPA 0.000
PHONE 555-8251 HS RANK **** COLL 2 CRED 0 CC 2 / PREV SESS 891
LOCAL ADDRESS HS CLNO **** COLL 3 CRED 0 CC 3 / CRED REG 0.0
SSNO 444-66-7777 HS NAME BERKLEY VETERAN N DC 1 / APP DATE 12/13/88
LAST NM HITE HS CITY BERKLEY SEX M DC 2 / CRED ATT 3.0
FIRST NM WILLIAM HS STE MI MARITAL DC 3 / CRED ERN 0.0
MIDDLE NM ALLEN GRAD DT 06/88 CITIZEN Y DC 4 / HONOR PTS 0.00
MAIDEN NM HS CODE 63/020 COLL 1 CRED 0 CC 1 / *** GPA 0.000
PHONE 333-4444 HS RANK **** COLL 2 CRED 0 CC 2 / PREV SESS 891
LOCAL ADDRESS HS CLNO **** COLL 3 CRED 0 CC 3 / CRED REG 0.0
STREET HS GPA *** COLL 4 CRED 0 CA 1 / PREV EPS TRANS NO 0010
3213 THOMAS AVE HS TRAN 0 COLL TR 0 CA 2 / CURR EPS PREV DG
CITY BERKLEY BRTH DT 12/06/69 SES APP 891 CA 3 / ACT RECD 0 APP FEE 0
STATE MI RES CNY COG STY P CNS 0 ENGL PL 0 MATH PL 0
ZIP CODE 48072-1164 BTH CNY CUR CMP SE PREV GRAD ACT SCR – – – – –
COUNTY E-PHONE 588-5091 CURRIC EME FAC 0 SBR 2 GED SCR HIGH GRADE
RESIDENCY A NUM HST 01 ADM ST P VBR HEALTH FRM 0 FIRST TRAN
RECR COMM MACRAO FIN YR 0.00 VCN NLN ARITH PROF AT EMPL
DIR ADM ASSET 402015****01 OSA GSL/SDL ELIGIBLE ETC
POP CODES ESL STUDENT ESL CONVERSATION ESL GRAMMAR ESL WRITING MTELP
ENROLLMENT SURVEY DATA: QUES1 QUES2 QUES3 QUES4
QUES5 QUES7 , , , , , , , , QUES8 , , , , , , , ,
QUES9 , , , , , , , INTENT
FIN AID CRDS ATT 3.0 FIN AID GPA 0.000 PROG CRED ERN 0.0 PROG QUOTIENT 0
HS BAND OCC BAND
MATH ID: MATH SC:
TRIG ID: TRIG SC: