"On May 22, a federal judge temporarily blocked President Donald Trump’s plans to dismantle the Department of Education by ordering the ED to reinstate recently-terminated staff members. The ruling coincides with a new study revealing the negative impact a reduced ED workforce has had on student loan borrowers," Bankrate reports.

... "Financial institutions’ and attorneys general’s concerns are warranted. According to a new RIF impact study by the National Association of Student Financial Aid Administrators (NASFAA), borrowers are already seeing the negative impact of a reduced ED workforce. In May 2025, the association surveyed higher education institutions across the country to see how the ED layoffs were impacting operations."

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: 5/27/2025