Improving Education Outcomes by Empowering Parents, States, and Communities
www.whitehouse.gov
By the authority vested in me as President by the Constitution and the laws of the United States of America, and to enable parents, teachers, and

Sec. 2. Closing the Department of Education and Returning Authority to the States. (a) The Secretary of Education shall, to the maximum extent appropriate and permitted by law, take all necessary steps to facilitate the closure of the Department of Education and return authority over education to the States and local communities while ensuring the effective and uninterrupted delivery of services, programs, and benefits on which Americans rely.

  • BigDiction@lemmy.world
    65·
    16 hours ago

    The Department of Education currently manages a student loan debt portfolio of more than $1.6 trillion.  This means the Federal student aid program is roughly the size of one of the Nation’s largest banks, Wells Fargo.  But although Wells Fargo has more than 200,000 employees, the Department of Education has fewer than 1,500 in its Office of Federal Student Aid.  The Department of Education is not a bank, and it must return bank functions to an entity equipped to serve America’s students.

    Move student loans to private banks! There it is.

    • Corhen@lemmy.world
      24·
      13 hours ago

      so what im hearing is the DoE was way more efficent, and deserved additional funding, right?

    • madcaesar@lemmy.world
      5·
      10 hours ago

      Would this mean people can finally default on those loans? That would at least be a silver lining.

    • InFerNo@lemmy.ml
      17·
      13 hours ago

      What I understand is that they are more efficient, and loans aren’t even it’s core business…

    • WarlordSdocy@lemmy.world
      7·
      13 hours ago

      I mean they basically already do this, my student loan was moved to a private servicer which basically is just a company that collects the money from my loans.