Authorization to Release Financial Information (FERPA) Form: Authorization to Release Financial Information. The purpose of FERPA (Family Educational Rights and Privacy Act) is to afford certain rights to students concerning their education records. Specifically, the Act specifies that parents or spouse of postsecondary students have no inherent rights to inspect a student’s education records. The right to inspect is limited solely to the student. In order to comply with all of the provisions of the Act, Monmouth College employees are restricted from providing certain information to anyone other than the student—regardless of who is paying the bill. Any student who wishes to permit other individuals access to financial records (i.e., billing and account information) may do so by signing an “Authorization to Release Information” form and submitting it to the Business Office. Upon receipt of the signed authorization form, the Business Office may discuss student financial information with the designated individual(s). This authorization form applies only to release of student financial information.