Report Suggests Federal Student Aid May Become Independent Agency by October 2027

According to a report in the Washington Sun, the U.S. Education Department is planning to spin off the Office of Federal Student Aid (FSA) into an independent agency by October 1, 2027. This potential move, reportedly led by FSA chief operating officer Richard Lucas, would represent a significant step in the administration's efforts to reshape the Education Department, though a department spokesperson has denied the report.