The Department of Education Slashed in Half! What Does This Mean for Student Loans? 📉🎓 In a shocking move, the Department of Education has laid off nearly half of its workforce, leaving student loan borrowers in a state of uncertainty. Experts warn that borrowers should brace for long waits, especially those with questions or disputes over their loans. Amid President Trump's calls to close the agency, the department announced the layoffs, affecting every division. Secretary Linda McMahon stated that shutting down the department would require an act of Congress, but the management of federal student loans and Pell Grants could be reassigned if the department is eliminated. The Department of Education plays a crucial role in managing federal financial aid for millions of students. If you have federal student loans, here's what experts say could be on the horizon. The Trump administration's push to eliminate the department is part of a broader agenda to reduce the size of...
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