"ED on the Brink: Trump Administration Moves to Consolidate Student Loan Programs Amid Reports of Department's Potential Shutdown. In a move that has sent shockwaves through the education sector, the Trump administration has announced a major interagency agreement between the Department of Education (ED) and the Treasury Department to transfer student loan programs. The deal, which marks a significant shift in the way the US government manages student debt, comes as reports surface that the ED may be on the chopping block in the administration's latest budget proposal. As the country's largest student loan servicer, the ED's potential shutdown would leave millions of borrowers in limbo, sparking concerns about the stability of the nation's higher education system."
The Department of Education (ED) just took a big step closer to shutting down. The Trump administration announced on Thursday an interagency agreement between the ED and the Treasury to move student ...