📚New FSA Partner Connect System Streamlines Financial Aid Administration
Privacy Act of 1974; System of Records
Summary
In accordance with the Privacy Act of 1974, as amended (Privacy Act), the U.S. Department of Education (Department) publishes this notice of a new system of records titled the "Federal Student Aid Partner Connect" (18-11-24) (FSA Partner Connect) and of the rescindment of two systems of records notices titled "Postsecondary Education Participants System (PEPS)" (18-11-09) and "Student Aid internet Gateway (SAIG), Participation Management System" (18-11-10). The Department proposes this new system of records to integrate distinct legacy lines of business into a single web-based platform to simplify the user experience while leveraging modernized, more secure technology. The Department is rescinding the systems of records notices that covered the PEPS and the SAIG, Participation Management System because the records previously covered by those systems are now covered by the FSA Partner Connect system of records notice.
Agencies
- Education Department
Business Impact
$$$ - High
The regulation introduces a new system of records (FSA Partner Connect) that streamlines access for various entities involved in administering financial aid programs. This impacts businesses (postsecondary institutions and third-party servicers) by establishing compliance requirements and updating user access protocols, necessitating adjustments in operations and data management strategies.