"Major Overhaul Looms for Student Loans: Trump Administration Takes Aim at Department of Education. In a move that could have far-reaching implications for millions of American students, the Trump administration has announced an interagency agreement between the Department of Education and the Treasury to transfer student loan management to the latter. The deal, which is set to go into effect in the coming months, would see the Treasury take on a significant role in overseeing the nation's $1.5 trillion student loan portfolio, potentially paving the way for a major overhaul of the federal student loan system. As the Department of Education faces increasing scrutiny over its handling of student loans, this development raises questions about the future of the agency and its role in higher education."
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 ...
