Trump issues executive order to dismantle ED

President Trump recently issued his long‐awaited executive order mandating the closure of the U.S. Department of Education, advancing one of his central campaign promises. The executive order claims that the ED's closure “would drastically improve program implementation in higher education.” It notes that the ED manages a debt portfolio of more than $1.6 trillion, which must be returned to an entity equipped to handle “bank functions” and serve America's students.