00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump administration is exploring ways to dismantle the U.S. Department of Education,
00:06raising concerns for over 40 million federal student loan borrowers.
00:10The Department of Overseas, the country's debt of over $1 trillion,
00:14and its closure could disrupt financial aid distribution.
00:18Shutting down the agency would require congressional approval,
00:21and officials are considering an executive order to limit its operations.
00:25A Data for Progress poll found that two-thirds of likely voters opposed
00:29eliminating the department, though executive action.
00:32Experts warn that transferring loan management to agencies like the Treasury Department
00:37could create confusion and delays for borrowers.
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