The U.S. Department of Education announced sweeping interagency agreements this week that transfer administration of dozens of K-12 and higher-education programs to Labor, HHS, Interior and State. The change reallocates operational control for grant programs including TRIO, Perkins CTE functions, Title III MSI funds and international education initiatives, while ED says it will retain statutory authority. AGB’s policy alert (AGB OnBoard) flagged immediate governance implications for trustees: shifting points of contact, potential grant delays, and evolving compliance frameworks tied to each receiving agency’s priorities. The move follows Secretary Linda McMahon’s stated goal of dismantling the department via fragmentation rather than congressional action. Education Week and Inside Higher Ed reporting lay out practical consequences for campus operations: processing delays, staff churn, and confusion for institutions that rely on program-specific guidance. Minority-Serving Institutions and campuses with heavy dependence on these programs face particular vulnerability as agencies with different missions assume operational roles.