The U.S. Department of Education planned for the Treasury Department to take a hand in managing the country's $1.6 trillion student loan portfolio, recent court documents show. "The Department had ...

Treasury Secretary Scott Bessent grimly warned that the US would be flirting with a possible financial crisis if Congress fails to pass President Trump's marquee One Big Beautiful Bill Act.

Even if the Education Department were reorganized, which would take an act of Congress, its obligations under Title IV of the Higher Education Act of 1965 would have to continue elsewhere.

Education Secretary Linda McMahon faced intense questions about the Trump administration’s agenda – which includes getting rid of her own agency – on Tuesday in front of a Senate panel ...