August 26, 2025

President Trump

Loans

Trump aims to shut down the Department of Education with a new executive order. Here’s how that could affect student loans and local schools.

In a move he’s been signaling for months, President Trump is expected to sign an executive order Thursday aimed at abolishing the U.S. Department of Education. Newly confirmed Education Secretary Linda McMahon must “take all necessary steps to facilitate the closure of the Education Department,” read a draft of the order that circulated in early

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