The U.S. Department of Education announced a rapid transfer of dozens of higher-education and student-support programs to the Departments of Labor, Health and Human Services, Interior and State, creating immediate operational uncertainty for colleges and universities. AGB’s policy briefing detailed the interagency agreements and flagged risks to Minority-Serving Institutions, grant timelines and compliance contact points. Institutions should expect staffing shifts, new points of contact, and altered grant priorities — for example workforce outcomes under DOL — even as ED says it retains statutory authority. Boards and provosts are advised to review funding fact sheets and update contingency plans for program administration, audits and grant reporting.