The Trump administration is considering shifting oversight for more than $1 trillion in student debt to the Treasury Department from the Education Department, according to a new report.

The New York Times reported Thursday that the possible change was revealed in a memo sent by the former head of the Education Department's federal student aid program.

James Runcie abruptly resigned Tuesday night after Education Secretary Betsy DeVos asked him to testify in front of the House Oversight Committee about improper payment rates for federal student aid programs, saying he was the wrong person to speak on the matter.

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“This is just another example of a project that may provide some value but will certainly divert critical resources and increase operational risk in an increasingly challenging environment,” Runcie wrote about moving the aid program.

Shrinking the size of the Education Department has been a priority for Republicans in the past — Rep. Thomas Massie (R-Ky.) proposed a bill that would eliminate the entire department in February. Seven other Republican lawmakers signed on to the legislation.