May a postsecondary institution disclose financial aid records without written consent?

May a postsecondary institution disclose financial aid records without written consent?

FERPA permits institutions to disclose, without consent, personally identifiable information from students’ education records when the disclosure is in connection with a student's application for, or receipt of, financial aid.   Disclosures under this exception to consent may be made if the information is necessary for such purposes as to:  (a) determine eligibility for the aid; (b) determine the amount of the aid; (c) determine the conditions for the aid; or (d) enforce the terms and conditions of the aid.