June 8, 2025
Financial Assets

How will Education Department cuts impact your student loans, FAFSA and your child’s IEPs?

After President Donald Trump‘s administration slashed half of the U.S. Department of Education‘s staff amid mass layoffs and buyouts, millions of students, parents, teachers, administrators and support staff may be wondering, “What does that mean for us?” A preliminary tally of most of the cuts shows the Federal Student Aid Office, which handles student loan

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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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Financial Assets

Department of Education: What will happen to student loans if Donald Trump shuts down Department of Education? Will the debt be erased?

US President Donald Trump has long advocated for dismantling the Department of Education (DOE), arguing that education policies should be controlled at the state and local levels. With his renewed push to eliminate the agency, many student loan borrowers are left wondering: Would their debt be erased if the department no longer exists? While the

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