"Education Department on Brink of Shutdown as Trump Administration Seeks to Transfer Student Loan Responsibilities to Treasury Department In a move that could significantly alter the landscape of the US education system, the Trump administration has announced an interagency agreement between the Department of Education and the Treasury Department, paving the way for the transfer of student loan responsibilities from the ED to the Treasury. The deal, which was revealed on Thursday, has sparked concerns among education advocates and lawmakers, who fear that the shift could compromise the integrity of the student loan program and leave vulnerable borrowers at risk. The agreement marks a major step forward in the administration's long-sought effort to privatize the student loan program, a move that has been met with resistance from Democrats and education experts. As the nation's education system continues to grapple with the challenges of student debt, this development raises critical questions about the future of federal oversight and the protection of students' financial well-being."
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 ...
