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Linda McMahon: “The almost $1.7 trillion in student loan debt is managed by…”

Featuring: Linda McMahon, Republican | Secretary of the U.S. Department of Education | National

Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus

Published April 2, 2026 | Video Starts at 22:50

We would co administer the student loan program with the Department of Treasury. Now here's a stat will blow your mind if you haven't read it already. The almost $1.7 trillion in student loan debt is managed by the Education Department. I therefore run the fifth largest bank in the country. Wow. Out of Education and I'm not a banker. Does that make any sense to you? No, it doesn't. (22:50–23:00)

CLAIM

Asserts that the Education Department manages nearly $1.7 trillion in student loan debt.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Linda McMahon

“Only 30% of our high school seniors, 30 to 35% high school seniors and 8th graders are proficient at reading.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 20:09-20:16
“Universities, colleges and universities are by law required to report foreign funding that comes into their universities and they've just…”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 23:52-23:57
“For every five retirees from our skilled workforce, only two come in.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 35:21-35:28
“By 2030, if we stay on the course we're on right now, we'd be a billion short of workers that we would need.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 35:35-35:40
“It is clearly the president's executive order to do that.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 01:04-01:09
“If everything works the way we want it to, you will be the last Secretary of Education.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 01:18-01:23
“States, which already have 90% of their own budget to fund their educational priorities, the government actually provides about 10%.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 01:30-01:40
“There's no one size fits all in education, and every state needs to do what's best for that state.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 01:44-01:50
“I'm on a Return Education Back to the States tour. I will go to all 50 states.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 12:26-12:32
“I've been to about 33, 34 states so far.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 12:32-12:36
“We're doing a History Rocks tour. And I won't be able to go to every one of those, but there will be one in each state.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 12:37-12:44
“I think we're up to now just about a little over 20 at this point, maybe closer to 30.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 12:44-12:52
“This is part of the president's 250th anniversary of the country.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 12:52-12:58
“About the same for math in public schools across the country.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 20:15-20:19
“States are the ones who are being innovative that they're bringing in these programs.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 20:53-20:58
“The science of reading Miracle, Mississippi took 10 years for the program to get put in place for the teachers to be taught how to teach.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 20:57-21:07
“The Department of Education was not stood up until 1980.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 21:56-22:02
“We totally redid at the Department of Education, the reporting portal [for foreign funding].”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 23:43-23:49
“We totally redid [the FAFSA]. And Congress had said you must have it up and running by October of last year. Well, we had it up and running.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 23:43-39:59
“We now have relocated and are co-administering that program [foreign funding reporting] out of the Department of State.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 23:59-24:11
“Congress will have to vote to shut down the Department of Education and remove it and not to have a secretary.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 24:49-24:57
“We're going to save taxpayers about four and a half million dollars a year just relocating to a smaller building.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 27:21-27:29
“In many states, you cannot [hire experts like engineers to teach without going through the education program and getting licensed].”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 31:19-31:23
“There are states that are looking now to say, hey, you know what? This individual teacher could bring so much to the table.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 31:35-31:42
“There have been four states [where] parents called and told the school they didn't want us to come because they didn't want the partisan…”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 33:36-33:48
“With the president's program to bring manufacturing back to the country doing all of this, we really have to have those skilled workers.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 35:40-35:48
“Community colleges are doing now in working with high schools...students can take courses at the community college...and get credit for…”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 35:51-36:15
“Parents were saying, wow, this is only taking 30 to 35 minutes, whereas it used to take hours or sometimes a couple of days.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 40:02-40:10
“We put some caps, you know, now on student loans...for graduate programs.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 41:03-41:11
“I went to the Alpha School in Austin, Texas with Mackenzie Price.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 42:21-42:27
“The first two hours all the kids are on AI and they're going through their lesson studies.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 42:37-42:42
“I think AI needs guardrails. Yes, clearly needs guardrails.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 44:17-44:21
“It provides an individual tutor sitting at that desk and that algorithm is actually understanding whether or not this child is progressing…”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 44:38-44:50
“We are very systematically, I think, and very prudently moving, not moving, co-administering programs with different agencies.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 46:41-47:01
“The state of Iowa is the first state to opt to take a waiver of 2 or 3 of their grant programs and put them. We did a block grant with them.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 48:01-48:11
“We're offering that to more and more states.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 48:49-48:52
“Only one Democratic governor has come in so far and that's Governor Polis from Colorado.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 49:06-49:14
“This is the education Freedom tax cut. It is actually the first universal school choice program that the president's been able to enact.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 49:25-49:38
“Congress wouldn't have voted for [the program] otherwise.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 49:40-49:42
“Individuals can donate as much as they want into any of these scholarship granting organizations, but they can get a seventeen hundred…”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 50:06-50:17
“Governors aren't opting in [to the program].”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 50:57-51:00
“The governor of Kentucky, who I know has been conservative, concerned about education, said, nope.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 51:56-52:00
“The theory is that it would take money away from public schools. No, no, no. This is private money donated into the state.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 52:07-52:14
“Teachers unions are clearly pushing back, you know, against it somehow.”
Linda McMahon: Ending the Dept. of Ed. & The WWE Legacy | Planet Tyrus | Uploaded April 2, 2026 | 52:26-52:31