What role does the Department of Education play in the federal financial aid system?

The Department of Education plays a crucial role in the federal financial aid system by administering federal financial aid programs and enforcing regulations. This involves overseeing the distribution of federal funds to institutions and students, ensuring compliance with relevant laws and regulations, and managing programs like Pell Grants, student loans, and work-study.

Through this administration, the Department sets guidelines for eligibility, enforcement of standards, and the overall operations involved in the dissemination of financial aid. This role is essential to ensure that federal aid is appropriately allocated and that both students and institutions meet the necessary requirements for financial assistance.