Student First Technologies Achieves Second SOC 2 Type II Audit

BLOOMINGTON, IN, UNITED STATES, October 6, 2026 /CourierPR/ -- Student First Technologies, a leading provider of technology infrastructure for K-12 education funding programs, has achieved a significant milestone by successfully completing its second SOC 2 Type II audit. This accomplishment builds on the company’s initial compliance milestone reached in June 2025 and underscores its ongoing commitment to robust data protection measures as it expands its support for education choice programs.

SOC 2 (System and Organization Controls 2) is a framework developed by the American Institute of Certified Public Accountants (AICPA) to evaluate how organizations manage data and maintain controls related to security, availability, processing integrity, confidentiality, and privacy. Unlike a SOC 2 Type I assessment, which evaluates the design of controls at a single point in time, a SOC 2 Type II audit examines the effectiveness of those controls over an extended period. The successful completion of this audit provides state agencies, scholarship organizations, nonprofit partners, schools, and families with additional assurance that SFT maintains strong safeguards against unauthorized access, fraud, and data breaches while operating reliable and secure systems.

The audit was conducted by Aprio, a nationally recognized advisory and accounting firm with extensive experience evaluating compliance programs for fintech and software-as-a-service companies. Aprio's independent examination confirmed that SFT’s controls operated effectively throughout the audit period. This achievement is particularly significant as education choice programs continue to expand nationwide, with SFT increasing its support for scholarship granting organizations (SGOs) preparing for the anticipated launch of the federal tax credit scholarship program in 2027. The company’s tax credit scholarship platform operates under the same SOC 2 Type II standards that govern its broader technology infrastructure, providing partners with confidence that scholarship funds and related data are managed within a secure and compliant environment.

SFT’s end-to-end, white-label-ready modular platform, Theodore™, is designed specifically for education funding programs and includes integrated identity verification, high-volume direct and donation fund intake and management, digital wallets, integrated payments including the TheoPay™ smart debit card with real-time item-level purchase adjudication, real-time reporting, and configurable program controls. Since its inception, the company has helped more than 300,000 students with access to over $1.3 billion in education funding. This substantial impact highlights SFT’s role in expanding school choice opportunities across the country.

In summary, the second SOC 2 Type II audit not only validates SFT’s commitment to data protection but also reinforces its position as a trusted provider of technology infrastructure for K-12 education funding programs. As the company continues to support the growth of education choice programs, its robust security measures ensure that the financial and personal information of students and their families remain protected.