Trump’s moves to abolish Education Dept. imperil student loan programs

An American flag and a U.S. Department of Education flag fly outside the US Department of Education building in Washington, D.C., U.S., Feb. 1, 2025.
With the Trump administration looking for ways to close parts or all of the U.S. Department of Education, many of the country’s 42 million federal student loan borrowers are likely feeling on edge.
One of the Education Department’s functions is underwriting the loans that enable millions of people each year to attend college and graduate school. It also administers the country’s $1.6 trillion outstanding education debt tab.