Code Section
20 U.S.C. §1232g Family Educational Records Protection Act
Who Has Access
Parents, specifically authorized state or federal officials for purposes of auditing public assistance programs; when student reaches 18 years old, right belongs to student only; researchers for purposes of gathering data to improve educational testing or educational curriculum (provided privacy is protected), authorized school administrators or other educational institutions as authorized by student or parents for purposes of application for admission to an educational institution or for employment.
Penalties
Withdrawal of all federal funding