Education Secretary Linda McMahon said on Friday, “There’s absolutely no reason, as far as I can determine, that there should be student loans housed in the Department of Education.”
McMahon, who has been tasked by President Donald Trump with winding down the Department of Education, discussed the possibility of moving student loans to the Treasury Department or back to the private sector during an appearance on Breitbart News Daily. The interview comes just one day after Trump signed an executive order calling for the dismantling of the Department of Education.
Host Mike Slater asked McMahon if anyone has made the case that federal involvement in student loans has led to the massive increase in tuition costs, and asked what would happen “if we just eliminated student loans moving forward…”
“Is there any discussion about maybe just eliminating federal-backed student loans in the future?” he queried.
