President Trump signed an executive order aiming to dissolve the Education Department, promoting the idea that education management should revert to the states. Secretary of Education Linda McMahon supports this, arguing it's where education 'rightly belongs'. However, the article points out the administration's reluctance to forgive student debts, as the federal government manages around $1.6 trillion in student loans. Experts suggest this move may be political posturing since closing a federal agency requires Congressional approval, and the student loan system's handling would still need oversight.
We are sending education back to the states, where it so rightly belongs, Secretary of Education Linda McMahon said in a statement after Mr. Trump signed the order.
In the short term, any agency inheriting the loan portfolio would need to keep the servicers that collect and track payments.
This is political theater, not serious public policy, said Ted Mitchell, a former undersecretary of education.
Those states, after all, are not banks, and the Education Department is a big bank in all but name.
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