A new GOP bill aims to make the transfer of millions of student-loan accounts to Treasury official
House Republicans have introduced a bill to transfer the management of federal student-loan accounts from the Department of Education to the Treasury Department. This move is part of a broader effort to reorganize federal agencies and reduce the size of the Education Department.
Why it matters
This legislation represents a significant shift in federal administrative structure and reflects the current administration's strategy to dismantle or downsize the Department of Education.
Rep. Tim Walberg introduced a bill to allow the transfer of student-loan account management from the Education Department to the Treasury. Eric Lee/Bloomberg via Getty Images House GOP introduced a slate of bills intended to "right-size" the Education Department. One of the bills codifies the department's plan to transfer student-loan accounts to the Treasury. The transfer is set to occur in phases, beginning with defaulted borrowers' accounts. House Republicans introduced a slate of bills to help dismantle the Department of Education — including one that would allow for the transfer of millions of student-loan accounts to the Treasury Department. On Thursday, the House education committee unveiled 10 bills to codify the Trump administration's plans to "right-size" the Education Department, which would involve partnerships with other federal agencies to assume the department's responsibilities.
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