Student Privacy Protection Act

Student Privacy Protection Act - Amends the Elementary and Secondary Education Act of 1965 (ESEA) to prohibit any funds authorized under ESEA from being used by an applicable program to allow a third party to monitor, receive, gather, or obtain information intended for commercial purposes from any student under age 18 without prior, written, informed consent of the student's parent.

Requires a school, local educational agency, or State, before entering into a contract with a third party, to inquire as to: (1) whether the third party intends to gather, collect, or store information on students; (2) the nature of the information to be gathered; (3) how the information will be used; (4) whether the information will be sold, distributed, or transferred to other parties; and (5) the amount of class time that will be consumed by such activity. Requires the consent form to include the answers to such inquiries and to indicate the dollar amount and nature of the contract.

Directs the Comptroller General to conduct a study, including specified documentation and considerations, regarding the prevalence and effect of commercialism in elementary and secondary education.