The Education Department announced that it will be transferring operational responsibility for federal student loans to the Department of Treasury.
The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.
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Student aid for 'low-earning outcome' degrees on the chopping block
Programs whose graduates often do not earn more than a high school diploma holder would not be eligible for student loans. The post Student aid for ‘low-earning outcome’ degrees on the chopping block ...
President Trump signed an executive order for changes to the PSLF program in March 2025. They impact who qualifies for forgiveness and go into effect July 1, 2026.
The office will move to the Treasury Department as the Trump administration slowly dismantles the agency overseeing federal education policy.
The U.S. Treasury will now collect defaulted federal student loans, a move critics say could confuse borrowers.
Most student loan borrowers can answer student loan questions themselves with free resources. However, in some cases with more complicated legal and financial situations, paid help may be necessary.
The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department.
Transferring the oversight of defaulted student loans is a significant step toward dismantling the Education Department.
The Trump administration is transferring management of the $1.7 trillion federal student loan portfolio from the Department of Education to the Department of the Treasury, the most significant step ...
The Treasury Department will begin to manage federal student loans in default, taking on a key function of the Education Department as the Trump administration further pushes to dismantle it.
The Trump administration announced a three-phase transition that will eventually include management of most federal student ...
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