Story perspectives

Trump Administration Shifts Student Loans to Treasury Amid Controversy

3/24/2026

Summary

Story summary

U.S. President Donald Trump’s administration is transferring student loan operations from the Department of Education to the Treasury to streamline processes and cut costs tied to the nearly $1.7 trillion portfolio.
Education Secretary Linda McMahon said the department has reduced its size by over 40% and established ten interagency agreements.
Democrats and advocacy groups in Congress oppose the initiative, and the department’s fate remains uncertain as election power shifts could influence it.

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Story summary

U.S. President Donald Trump’s administration is transferring student loan operations from the Department of Education to the Treasury to streamline processes and cut costs tied to the nearly $1.7 trillion portfolio.
Education Secretary Linda McMahon said the department has reduced its size by over 40% and established ten interagency agreements.
Democrats and advocacy groups in Congress oppose the initiative, and the department’s fate remains uncertain as election power shifts could influence it.