The U.S. Department of Education announced six interagency agreements moving administration of dozens of K–20 grant and student-support programs to Labor, HHS, Interior and State. AGB’s policy alert and Chronicle reporting detail immediate transfers that include TRIO, GEAR UP, Title III MSI funds, CCAMPIS and several international-education programs. Secretary Linda McMahon framed the moves as operational realignment; critics say they amount to dismantling the department. Boards, particularly governing trustees at public institutions and MSIs, are now facing operational churn: new agency contacts, shifting compliance priorities, potential grant delays and altered performance metrics tied to workforce or national-security goals. AGB warns trustees to reassess grant oversight and risk-management plans; state chiefs and campus leaders are preparing for guidance gaps and new administrative friction. Institutions dependent on federal program administration have begun contingency planning. Expect short-term grant-processing disruptions, stakeholder confusion, and heightened advocacy from institutions seeking clarity on statutory authority and continuity of funding.