With Education Department under threat, what student loan borrowers can do
By Eliza Haverstock, NerdWallet
President Donald Trump has vowed to dismantle the U.S. Education Department, which oversees federal student financial aid. There are reports that members of Elon Musk’s Department of Governmental Efficiency (DOGE) team have accessed financial aid data containing the personal information of millions of students enrolled in the federal student aid program.
These developments may sound the alarm for student loan borrowers. But for now, there’s no need to make dramatic changes to your student loans.
“We have to engage in the process that currently exists…we don’t have any guidance that suggests we should be doing things in different ways,” says Wil Del Pilar, senior vice president at EdTrust, an advocacy and research organization that works to dismantle racial and economic barriers in the American education system.
Education Department spokesperson Madison Biedermann declined to comment on whether Musk and DOGE had accessed a financial aid dataset, as reported by the Washington Post. She directed NerdWallet to a Jan. 20 Executive Order that allows DOGE teams to install in federal agencies within 30 days.