Department of Energy

Federal Student Purchase Card Accounts

Help agencies expand student co-op programs and current Federal employee educational development through issuance of purchase cards tied to student-worker bank charge accounts. This would reduce paperwork, permit consolidation of various grants and loans in one account, reduce government payment for courses unsuccessfully completed, and provide a single accounting record for student grants, loans, and other reimbursements. The government would also benefit from improved recruitment (lists of successful students) and provide retention incentives for current employees. All transactions would be electronic and greatly reduce paperwork. While e-learning has its limitations, e-approval, e-authorization, and e-payment for learning through a standard, simple mechanism ought to be standard practice. The student account-credit card link could also be used for trainee or intern programs and grants or fellowships for special programs like science, technology, engineering, and math education.

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Idea No. 7575