"Biden Administration Takes Control of Student Loans in Major Shift: A New Era for Financial Aid. In a significant move, the Trump administration has revealed a three-phase transition plan that will ultimately place the management of most federal student loans and the Free Application for Federal Student Aid (FAFSA) under its control. The development marks a major shift in the way the US government handles student financial aid, with far-reaching implications for millions of students and borrowers. As the transition gets underway, experts are closely watching to see how this change will impact student loan policies, repayment options, and the overall landscape of higher education financing in the US."
The Trump administration announced a three-phase transition that will eventually include management of most federal student loans as well as the Free Application for Federal Student Aid (FAFSA).