Doubts that whatever remains of department can govern student debt as one in four US adults under 40 has loansDonald Trump ordered the dismantling of the US Department of Education on Thursday, prompting uncertainty for those holding student debt and questions about what happens next.Trump’s press secretary told reporters earlier on Thursday what remained of the department would continue to govern student debt. Continue reading...
The Trump administration ordered the dismantling of the US Department of Education, creating uncertainty for student loan borrowers despite assurances that critical functions like student loans and Pell Grants will continue. Experts doubt the remaining department's capacity to manage student debt, citing potential harm to students, increased defaults, and vulnerability to fraudulent colleges. Concerns are raised about workload distribution and the disbursement of federal student aid. A lawsuit has been filed against the administration for restricting access to income-driven repayment plans. Alternative plans could include a transfer of student debt responsibilities to another department.
