The Education Department says its latest move to distribute its duties to other federal agencies will include Treasury taking on much more student financial aid oversight in the future.

The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.

Payments still due and loan servicers remain open, collection activity will still happen. IDR applications will still be processed. Pell Grants and Direct Loans will continue to be disbursed, but ...

The shutdown is on track to become the longest-lasting government closure in history. The Capitol is seen late Tuesday night, Sept. 26, 2023, in Washington. (AP Photo/J. Scott Applewhite) As the ...