June 8, 2025
Financial Assets

If the Department of Education closes, what happens to Missouri borrowers’ student loans?

The U.S. Department of Education announced Tuesday it would lay off nearly half its staff as part of its “final mission” as the Trump administration follows through on plans to shut down the agency and cut federal bureaucracy. The cuts will leave the department with 2,183 employees, down from 4,133 when President Donald Trump took office

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Financial Assets

If Trump closes the Education Department, what happens to student loans?

President Donald Trump is expected to act soon on his promise to dismantle the federal Department of Education, the agency that supplies a small percentage of funding to public schools, enforces anti-discrimination laws, and administers the Student Aid Program. It also oversees federal student loans held by nearly 43 million people, or one in six

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