U.S. Department of Education

Rule Changes

Being systematically dismantled through interagency transfers

The federal government has managed student loans from the same place for decades: the Education Department's Federal Student Aid office. On March 19, the Treasury Department began absorbing that function.

Updated May 30

Rule Changes

Designed and implemented SAVE under Biden, then agreed under Trump to dismantle it via settlement.

Biden sold the SAVE plan as a fix for millions facing a broken student loan system: smaller payments, faster forgiveness, and protection from ballooning interest.

Updated May 10