US DEPARTMENT OF EDUCATION
The US Department of Education (DOE) regulations the management of electronic communications and records that relate to any monetary student transactions relating all scholarships and grants. It also regulates compliance with the Family Educational Rights and Privacy Act (FERPA) relating to the confidentiality of student information.
DOEd (FERPA), 34 CFR 99.32 – Requires data relating to transactions FERPA transactions must be kept as long as the student record is maintained.
DOEd 34 CFR 74.53 34 CFR 80.42 – Requires records of education grants and other financial awards must be kept for 3 years after submission of final report.Read More