It’s recently been suggested that the U.S. Department of Education is considering moving federal student loans—a program that in fiscal year 2016 administered nearly $96 billion—across town to the Department of the Treasury as part of the Trump administration’s efforts to streamline the Education Department.
The idea, previously circulated under the Clinton administration and ultimately ruled out by it, resurfaced following the abrupt resignation of James Runcie, the chief operating officer of the Education Department’s office of federal student aid, or FSA.
