The College Investor
Robert Farrington
November 10, 2026
Key Points
- Treasury is creating a new system called Treasury .033 to hold Education Department records on federal student loan borrowers, grant recipients, parents and spouses.
- Treasury wants records that include Social Security numbers, income and student loan forgiveness history, and it lists research and forecasting among its uses.
- Student Defense and EPIC filed comments on November 6 asking Treasury to narrow the system and publish the documents behind it.
The Treasury Department is building a new data system to hold federal student loan and financial aid records on tens of millions of Americans. The system isn’t limited to the defaulted student loans Treasury agreed to collect in March, and it covers people who never missed a payment.
Treasury is creating a new system called Treasury .033 to hold federal student aid records from the Education Department. It published notice of the system in the Federal Register back in October, as the Privacy Act requires for any new system of records.