Key facts
- NFEC analysis reveals student data privacy gaps in 10 states' financial education standards.
- Standards require collection of sensitive PII like Social Security numbers and birthdates.
- Lack of clear safeguards for student privacy and data compliance was identified.
The National Financial Educators Council (NFEC) has released an analysis highlighting critical deficiencies in student data privacy within the financial education standards of ten U.S. states. The report indicates that these standards often mandate activities that involve the collection of sensitive personally identifiable information (PII), such as Social Security numbers, birthdates, and home addresses. Crucially, the NFEC found that these requirements are frequently implemented without the establishment of clear safeguards to ensure student privacy, maintain compliance with data protection regulations, or manage the data effectively.