What Next | Daily News and Analysis What Happens To My Student Loans Now?
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Mar 26, 2025 Danielle Douglas-Gabriel, a higher education reporter at The Washington Post, dives into the chaotic landscape of student loans shaped by recent political shifts. She discusses the Department of Education's current challenges, such as staff cuts affecting critical services and the controversial idea of disbanding the agency. The conversation highlights anxiety surrounding income-driven repayment options and the need for improved borrower support. Additionally, Douglas-Gabriel emphasizes the impact on marginalized groups and the importance of financial planning for future college students.
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DOE as a Bank
- The Department of Education's student loan portfolio is comparable to the largest banks.
- However, its staffing is significantly smaller, impacting its ability to manage the system.
FAFSA Website Issues
- The FAFSA website experienced intermittent outages.
- This was linked to the dismissal of a tech team responsible for managing the site's vendors.
Trump's DOE Strategy
- President Trump cannot unilaterally eliminate the Department of Education.
- He needs 60 Congressional votes, but he's attempting to starve its funding.