Today, the U.S. Department of Education and Treasury Department signed an agreement that helps wind down the education agency.

It’s time for an entity with deep experience in finance and banking to support this major fiscal responsibility,” McMahon wrote.

The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department.

The office will move to the Treasury Department as the Trump administration slowly dismantles the agency overseeing federal education policy.

The Trump administration is transferring management of the $1.7 trillion federal student loan portfolio from the Department of Education to the Department of the Treasury, the most significant step ...

Broadcast Retirement Network's Jeffrey Snyder discusses what student loan borrowers should do now that the SAVE Plan has been ...

The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.

Federal appeals court halts SAVE plan, which capped payments and offered forgiveness; Education Department promises guidance ...

A federal appeals court has struck down the Biden‑era SAVE student loan repayment plan after years of legal challenges. The ...

More than half a million federal student loan borrowers remain in a backlog of applications for an affordable repayment plan, ...

Many borrowers have already met the requirements for loan forgiveness under income‑driven repayment (IDR) plans.