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 yet in the White House’s efforts to dismantle a cabinet-level agency.
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 yet in the White House’s efforts to dismantle a cabinet-level agency.
Commuters outside the Department of Education in Washington. Photographer: Valerie Plesch/Bloomberg