The U.S. Department of Education executed a sweeping operational shift by striking interagency agreements that transfer administration of dozens of federal education and student-support programs to the departments of Labor, Health and Human Services, Interior and State. AGB’s policy brief lays out which programs moved — including TRIO, Title III MSI grants and international education funds — and flags immediate staffing, compliance and funding risks for institutions. Inside Higher Ed’s briefing expands on operational fallout: schools and state systems face new points of contact, new compliance regimes, and the prospect of delayed grants as agencies unfamiliar with these programs assume control. Institutions that rely on TRIO, TPSID and Title VI should expect short-term uncertainty and should review grant timelines and contract language now. Board leaders and chief financial officers will want to track changes to grant portals, monitoring protocols, and fiscal drawdown schedules. AGB’s alert urges governing boards to press senior executives for contingency plans and to assess how the transfers change institutional risk and resource allocation.