Education Dept. Has Lax Oversight of Third-Party Security, Audit Finds

Report: “Review of Federal Student Aid’s Oversight and Monitoring of Private Collection Agency and Guaranty Agency Security Controls”

Organization: Education Department’s inspector general

Summary: The Education Department is not doing enough to ensure that student-loan debt collectors and guarantors are safeguarding sensitive student-loan information.

Read more on Chronicle of Higher Education.

And then keep in mind that in this blogger’s firm opinion, the Education Department is not doing enough to ensure that publicly funded schools and institutions of higher learning are safeguarding sensitive student information – including, but not limited to, loan information.