Trump’s push to abolish the Education Department reaches student loan portfolio
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The Bottom Line
The Education Department plans to move its $1.7 trillion student loan portfolio to the Treasury Department.
How This Affects You
If you have federal student loans, their oversight will shift from the Education Department to the Treasury Department.
AI Summary
The Education Department announced it will seek to move its $1.7 trillion student loan portfolio to the Treasury Department. This action represents the biggest step yet in the agency's self-elimination, following President Trump's executive order one year ago calling for the department's shuttering. The move is part of a series of interagency agreements aimed at abolishing the Education Department, a long-standing goal of the Trump administration. This transfer would shift the management and oversight of all federal student loans to the Treasury Department.
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Government TransparencyTreasury Department begins taking over federal student loans from Education Department
The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department, a first step toward shedding management of all student loans as Trump administration officials dismantle the federal education agency.
Government TransparencyTreasury Department begins taking over student loans as the Education Department gets dismantled - AP News
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Trump is dismantling democracy, reports find. And, Treasury to take over student loans
Recent studies show the U.S. is slipping further from democracy. And, the Trump administration plans to transfer federal student loans from the Education Department to the Treasury Department.
Government TransparencyTreasury taking over federal student loans amid dismantling of Dept. of Education
The Trump administration is expected to send the nearly $1.7 trillion student loan portfolio to the Treasury Department, the Department of Education announced.
Government TransparencyFederal student loans will move to Treasury, further shrinking Education Department - NPR
Trump’s homeland security pick Mullin is poised to inherit a department beset by challenges - AP News
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Trump is dismantling democracy, reports find. And, Treasury to take over student loans
Recent studies show the U.S. is slipping further from democracy. And, the Trump administration plans to transfer federal student loans from the Education Department to the Treasury Department.
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