The campus of Yale University seen in New Haven, Conn. Yale is one of 45 colleges that are under investigation for allegedly engaging in "race-exclusionary practices." Joe Buglewicz/Bloomberg via Getty Images hide caption
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The federal student loan portfolio – which manages about $1.6 trillion in loans for roughly 43 million borrowers – is currently overseen by the Education Department's office of Federal Student Aid (FSA). Mario Tama/Getty Images hide caption
Trump says Education Department will no longer oversee student loans, 'special needs'
Students hold signs and chant during a March 13 rally in front of the U.S. Department of Education to protest budget cuts. Kayla Bartkowski/Getty Images hide caption
How Education Department cuts could hurt low-income and rural schools
On Thursday, President Donald Trump signed an executive action to begin dismantling the U.S. Department of Education. Mandel Ngan/AFP via Getty Images hide caption
President Trump has promised to greatly curtail the federal government, and a memo released Monday by the Office of Management and Budget aims to follow through on that promise by halting a large swath of federal grant programs. Kent Nishimura/AFP via Getty Images hide caption
Inauguration preparations have shifted at the U.S. Capitol following the announcement that the ceremony will be moved indoors. Tasos Katopodis/Getty Images hide caption
Scott Bessent speaks at the National Conservative Conference in Washington, D.C., on July 10, 2024. Bessent is Trump's nominee to be the next Treasury Secretary. DOMINIC GWINN/Middle East Images/AFP via Getty hide caption
Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, speaks at a rally for president-elect Donald Trump at Madison Square Garden in New York on Oct. 27, 2024. ANGELA WEISS/AFP via Getty Images/AFP hide caption
President-elect Trump announced former acting ICE director Tom Homan (left) as his incoming border czar, joining a long list of presidents who have appointed czars to oversee specific issues — like Obama's "car czar" Steven Rattner (right). Drew Angerer/Getty Images hide caption
Fast-food workers in Los Angeles on Thursday protest against restaurant-chain mogul Andrew Puzder, who has been tapped as President Donald Trump's nominee for labor secretary. Frederic J. Brown/AFP/Getty Images hide caption
HUD nominee Ben Carson testifies at his Senate confirmation hearing. Zach Gibson/AP hide caption
Eric Trump arrives at Trump Tower in New York on Dec. 8. Andrew Harnik/AP hide caption