Department of Education January 2, 2008 – Federal Register Recent Federal Regulation Documents
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Privacy Act of 1974; System of Records-Financial Management System (FMS)
In accordance with the Privacy Act of 1974, as amended (Privacy Act), (5 U.S.C. 552a), the Department of Education (Department) publishes this notice of a new system of records entitled the ``Financial Management System (FMS)'' (18-11-17). FMS interfaces with other Federal Student Aid systems and consolidates and centralizes all Federal Student Aid accounting and financial data into one system. FMS is a conduit (pass-through system) containing personally identifiable information that is obtained from other Federal Student Aid systems. FMS has been in operation since October 2001. However, because FMS maintains Privacy Act records and discloses these records to the United States Department of the Treasury and to loan holders, a management decision was made to treat FMS as an official system of records under the Privacy Act.
Privacy Act of 1974; System of Records-Electronic Cohort Default Rate Appeals (eCDR Appeals)
In accordance with the Privacy Act of 1974, as amended (Privacy Act), the Department of Education (Department) publishes this notice of a new system of records entitled ``Electronic Cohort Default Rate Appeals (eCDR Appeals)''. 18-11-18 The eCDR Appeals system will be used to process institution of higher education cohort default rate challenges and adjustment requests. The eCDR Appeals system will also contain records regarding borrowers who have applied for and received loans under the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. The Department seeks comment on the new system of records described in this notice, in accordance with the requirements of the Privacy Act.
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