"President Trump announced Friday that the Education Department would no longer manage the nation’s $1.6 trillion student loan portfolio or supervise “special needs” programs in a major shake-up of an agency he has sought to eliminate," The New York Times reports.

... "Beth Maglione, the interim president and chief executive of the National Association of Student Financial Aid Administrators, said it was 'unclear' whether Mr. Trump could move aid programs away from the department. She suggested that a transition, even one authorized by Congress, would require time and careful planning."

"'The administration would first need to articulate a definitive strategy outlining how the work of administering student aid programs would be allocated within the S.B.A., determine the necessary staffing and resources and build the requisite infrastructure to facilitate the transition of these programs to another federal agency,' she said. 'In the absence of any comprehensive plan, a serious concern remains: How will this restructuring be executed without disruption to students and institutions?'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 3/21/2025