"Education Department on Brink of Shutdown as Trump Administration Unveils Plan to Transfer Student Loan Program to Treasury. In a surprise move, the Department of Education (ED) has taken a significant step towards potential dissolution, with the Trump administration announcing an interagency agreement between the ED and the Treasury Department to transfer the administration of student loans to the latter. The plan, which has raised concerns among education advocates and lawmakers, would see the Treasury Department take over the management of the $1.6 trillion student loan portfolio, potentially paving the way for a major overhaul of the federal education system. As the ED's role in overseeing student loans is significantly diminished, questions are being raised about the department's future and the implications for millions of students and families who rely on its services."
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 ...
