Department of Education Takes ‘Historic Step’ Toward Shutting Down in Partnership with Treasury

The Department of Education (ED) took a “historic” step of winding down its operations by shifting student lending to the Department of the Treasury.

The move is part of the ED’s efforts to adhere to President Donald Trump’s executive order calling for department’s dismantling. Officially ending the department would take an act of Congress, as it was Congress that created it 45 years ago under President Jimmy Carter, but the agency has been looking for ways to decentralize its power and slash its workforce while waiting on GOP lawmakers to deliver on Trump’s campaign promise.

“The Federal Student Assistance Partnership marks an intentional and…

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