McMahon is familiar with organizations built around an increasingly unstable man who is a genius at spinning story lines that inflame the crowd and damage enemies and institutions but, if you think too hard about them, don't necessarily add up to a coherent narrative.
The One Big Beautiful Bill Act includes the largest overhaul to the federal student aid system in decades, limiting loan repayment and debt forgiveness options for borrowers.
As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs. By leveraging Treasury's world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement.
These new restrictions-which can be found throughout the appropriations bill for the Department of Education and other sections of the 11-part funding package that was signed into law last week-are part of what policy experts describe as a bipartisan attempt to rebuke the Trump administration's budget proposal and restore Congress's power of the purse. Historically, the language of these budget bills has largely stayed the same, serving as little more than a template into which lawmakers plug that year's dollar amounts and policy riders.
These actions further align the postsecondary and workforce education programs of ED and DOL and will position DOL as the central hub for America's postsecondary education and workforce development programs. Through the agreement, Labor is essentially administering ED grant programs, while ED continues to set the budget, criteria and priorities for the programs and manage hiring and other HR processes.
In general, students across all income brackets are paying less for college, adjusted for inflation, than they did six years ago at all types of institutions. In some cases, those drops were especially high, including for low- and middle-income students at the nation's wealthiest private colleges; their average net price dropped 28.1 percent and 30.8 percent, respectively.
"The Biden Administration's regulation was over broad as it required all private institutional owners, including at faith-based colleges, to sign program participation agreements,"
While overall more people are choosing college, there are important shifts happening in where students are going and where they're not. Enrollment at private four-year colleges is down. Fewer people are enrolled in master's degree programs. But enrollment is up at four-year public universities and at community colleges. There, it's driven by students choosing short-term credentials tied to the workforce.