"Biden Administration Shifts Gears on Student Loan Reform: A New Era of Federal Oversight Looms. In a significant development, the Trump administration has unveiled a three-phase transition plan that paves the way for the federal government to take a more active role in managing student loans and the Free Application for Federal Student Aid (FAFSA) process. Under the plan, the Department of Education will assume responsibility for the majority of federal student loans, as well as the FAFSA application process, which is currently handled by the U.S. Department of Education's contractors. The move marks a significant shift in the nation's approach to student loan management, with potential implications for millions of borrowers and the future of higher education financing in the United States."
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).