What is the Trump Admin Changing About Student Loans? | Jonathan Butcher

Heritage Explains

Heritage Podcast Network

Education

4.7 • 847 Ratings

🗓️ 25 March 2026

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week, the Trump administration announced major changes to the way that student loan debt will be managed, specifically moving that management from the Department of Education to the Department of the Treasury. I sat down with Jonathan Butcher, Senior Research Fellow in the Center for Education Policy here at the Heritage Foundation, to talk about why this is a huge step in the movement to return education to local control.

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Jonathan Butcher on X: https://x.com/JM_Butcher

Transcript

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0:00.0	Three, two, one, zero, all engine run.
0:06.6	There is no other institution that has the ability uniquely.
0:11.3	Without a heritage, every generation starts over.
0:14.4	Ask not.
0:15.3	To remind the current regime.
0:18.6	We the people tell the governor what it is allowed to do.
0:22.2	All
0:22.8	all
0:23.7	action
0:24.6	to get back in their
0:26.7	box and stay there.
0:28.0	Lift-dive.
0:28.9	We have a left-down.
0:31.8	From the Heritage
0:33.0	Foundation,
0:34.0	this is Heritage
0:35.0	Explains.
0:40.6	Nobody Nobody. This is Heritage Explains. Nobody likes debt, because a loan can be used for a good purpose or it can be used for a bad
0:48.1	purpose.
0:49.2	But in either case, when you borrow someone else's money, it always comes with strings.
0:55.0	In the United States, we're no strangers to debt.
0:57.0	According to the Federal Reserve of New York, Americans hold about $13 trillion in mortgage debt.
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