• Home
  • Privacy Policy
  • Write For Us
IDEGRAAF
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
IDEGRAAF
No Result
View All Result
Home Education Loans

Trump Administration Considers Moving Student Loans from Education Department to Treasury

Loknath Das by Loknath Das
May 29, 2017
in Education Loans

The Trump administration is considering moving responsibility for overseeing more than $1 trillion in student debt from the Education Department to the Treasury Department, a switch that would radically change the system that helps 43 million students finance higher education.

The potential change surfaced in a scathing resignation memo sent late Tuesday night by James Runcie, the head of the Education Department’s federal student aid program. Mr. Runcie, an Obama-era holdover, was appointed in 2011 and reappointed in 2015. He cut short his term, which was slated to run until 2020, after clashing with the Trump administration and Betsy DeVos, the education secretary, over this proposal and other issues.

Elizabeth Hill, a spokeswoman for the Education Department, declined to comment on his departure or on talks with Treasury.

“The secretary is looking forward to identifying a qualified candidate to lead and restore trust in F.S.A.,” Ms. Hill said, referring to federal student aid.

Continue reading the main story

Table of Contents

Toggle
  • The Trump White House
    • The historic moments, head-spinning developments and inside-the-White House intrigue.
  • Senior P.G.A. Championship, Held at Trump National Golf Club, Draws ProtestsMAY 28
  • Trump’s Proposed Budget Cuts Trouble Bioterrorism ExpertsMAY 28
  • Melania Trump, in Supporting Role, Shows Subdued Star Power on TripMAY 28
  • Trump Returns to Crisis Over Kushner as White House Tries to Contain ItMAY 27
  • U.S. Quietly Lifts Limit on Number of Refugees Allowed InMAY 26

The Trump White House

The historic moments, head-spinning developments and inside-the-White House intrigue.

  • Senior P.G.A. Championship, Held at Trump National Golf Club, Draws ProtestsMAY 28

  • Trump’s Proposed Budget Cuts Trouble Bioterrorism ExpertsMAY 28

  • Melania Trump, in Supporting Role, Shows Subdued Star Power on TripMAY 28

  • Trump Returns to Crisis Over Kushner as White House Tries to Contain ItMAY 27

  • U.S. Quietly Lifts Limit on Number of Refugees Allowed InMAY 26

See More »

A shift in handling federal student aid is being weighed as the Trump administration and Ms. DeVos consider overhauling the Department of Education. Mr. Trump’s proposed budget for 2018 slashes funding for the department by nearly 50 percent. Moving one of its core functions to Treasury would significantly diminish the agency’s power. It could also alter the mission of the student loan program.

“The reason the federal student aid programs live within the Education Department is because that’s the agency that has as its goal increasing educational opportunities within the United States,” said David Bergeron, who left the Education Department in 2013 after 35 years. “That is not the Treasury Department’s goal. Its job is to pay for the business of the government.”

Scrapping or shrinking the Education Department has long been a popular Republican goal, dating from the Reagan administration. President Trump embraced the idea, saying in his book “Crippled America” that the department should either be eliminated or have “its power and reach” cut. In February, a House Republican introduced a bill to terminate the agency.

In his resignation memo, a copy of which was obtained by The New York Times, Mr. Runcie said that senior members of his department had met that day with Treasury officials and discussed “holding numerous meetings and retreats” to outline a process for “transferring all or a portion” of the student aid office’s functions to the Treasury Department.

“This is just another example of a project that may provide some value but will certainly divert critical resources and increase operational risk in an increasingly challenging environment,” Mr. Runcie wrote.

Moving the federal student aid unit probably would require congressional action. But even in a fractured Congress, it could win bipartisan support.

Photo

[Source”timesofindia”]
Tags: AdministrationconsidersDepartmenteducationfromloansmovingstudenttoTreasuryTrump
Previous Post

In this week’s Tes Further: Why distance learning needs to adapt to survive

Next Post

Raksha Gopal, CBSE Class 12 Topper With 99.6%, Reveals Career Goals

Next Post
Raksha Gopal, CBSE Class 12 Topper With 99.6%, Reveals Career Goals

Raksha Gopal, CBSE Class 12 Topper With 99.6%, Reveals Career Goals

Recent Post

  • What is Distance Learning? The Whole Manual
  • 8 Tips for Successful Online Home Tuition Sessions
  • The Amazing Benefits of CA Online Classes for Students
  • The 23 Best Recruitment Blogs of 2025
  • 7 Top Challenges with Online Learning For Students (and Solutions)
  • Latest Floating Rate Reset Rules on Loans
  • How to Conquer the Offer of Financial Aid in 2025
  • Your Ultimate 2025 Scholarship Guide [W/ Tips & Resources]
  • The Best Student Bank Account: Your Guide to Smart Banking Choices
  • The RightBlogger Scholarship Program 2024

Calendar

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    
idegraaf

Navigate Site

  • Home
  • Privacy Policy
  • Write For Us

Follow Us

No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career