The U.S. Department of Education announced interagency agreements transferring the administration of dozens of student-support, workforce and international programs to the Departments of Labor, Health and Human Services, Interior and State. The move reallocates operations, staffing and fiscal management for grants that affect TRIO, GEAR UP, Title III minority‑serving programs, TPSID and more, creating new operational chains of contact for institutions. The AGB Policy Alert lays out immediate implications for governing boards: increased uncertainty about grant timing, staffing and shifting compliance frameworks as agencies with different priorities assume administration. ED says it retains statutory authority, but institutions should expect changes in points of contact, fiscal workflows and reporting timelines. Boards are urged to track agency fact sheets and prepare for altered audit and grant-management demands. Campus leaders and trustees will need contingency plans to avoid service interruptions for students and MSIs that rely on these grants. The agreements could also accelerate program consolidation or re-prioritization under agencies that emphasize workforce outcomes, national security or service delivery metrics.