Treasury proposes new system of records for federal student aid data

What happened

The Department of the Treasury proposes to establish a new system of records titled “Department of the Treasury .033--Federal Student Aid Portfolio Research, Analysis, Oversight, Reporting, and Compliance Records.” The system would allow Treasury to receive and maintain personally identifiable information from the Department of Education to oversee federal student aid activities.

Why it matters for trust and compliance

• Its status is proposed. It is not law yet. Track it, but do not treat it as an obligation.
• The proposal creates a Treasury‑run record system that will collect and analyze student aid data, raising privacy considerations for the handling of personal and financial information.
• Takes effect November 6, 2026.

Who is affected

Recommended actions

1. Check that privacy notices describe the practices this addresses.