The Great American Heist

EdTrust is sounding the alarm about The Great American Heist — the largest transfer of wealth in U.S. history that affects everyone — that’s happening right in front of our eyes

August 15, 2025 by EdTrust
Graphic of a person carrying a massive bag leaking cash on their shoulder. Caption says Protecting Students and Families from Education Funding Cuts. Stop the #GreatAmericanHeist

Introduction

A “heist” means something very valuable is being stolen. Many movies have been centered around big heists — Ocean’s 11, for example. In this case, the Trump administration has hijacked the Bank of the American People — and it’s a humongous robbery happening in plain sight—tens of billions of dollars are being transferred from the working class to the wealthy. Meanwhile, everyday families, families, and taxpayers are paying the price.

Federal education policies being enacted are stealing from schools, communities, & students — especially those from traditionally underserved communities—of the resources and supports they need to succeed. There are five major policy areas to focus on:

  1. The expansion of federal school voucher programs that funnel funding from public schools into private schools
  2. The restructuring of student loan and grant programs that make college less accessible and decrease affordability for millions of students
  3. The systematic dismantling of data and research, which limits transparency and accountability in education policy
  4. Stealing from students, families, and taxpayers and giving it to the wealthy
  5. And with the 2026 budget on the line, students stand to lose even more

At EdTrust, we’re sounding the alarm about The Great American Heist happening in our country right now, right in front of our eyes. Here, we feature the articles and resources you need to understand what’s going on as things unfold. And join us to help stop the #GreatAmericanHeist!

Public Money, Private Pockets – Federal Voucher Tax Write Off

Dollar signs in a blue background signifying money

A federal voucher program, the first of its kind, sounds too good to be true—because it is. The program is designed to shift money away from public schools into private schools and unaccountable systems. This creates a lack of resources in public schools, meaning fewer teachers, outdated textbooks, and underfunded programs for the students who need them most. What’s being labeled as parents’ choice, is really no choice at all. Unlike public schools, private schools can deny a student for any reason, leaving the door open for discrimination for students of color and students with disabilities. And very few rural students even have a private school near them. And once again, this voucher program subsidizes the wealthy by giving rich parents yet another tax break.

Guide

Protect Public Schools: An Advocacy Toolkit to Fight School Voucher Programs

Blog

What The Federal Voucher Program Means for Students in Your State

Blog

5 Reasons why the Educational Choice for Children Act (ECCA) is Bad for Students

Blog

The Hidden Costs of School Voucher Programs: A Community’s Story

Debt by Design – Less College Access & Bigger Student Loans

Student debt: a woman's head wearing a graduation toga on the left. On the right is a person carrying a bag that has a hole on it. Money is flying out of the hole to the direction of the woman wearing the toga

Starting August 1st, current and former students will have to start paying their student loans back — on average, payments will cost $200-$300 more a month, and the government can start garnishing wages and social security for those in default. This isn’t fiscal responsibility; it’s a calculated federal transfer of wealth — benefiting millionaires while everyday Americans pay the price. It’s not just unfair—it’s a heist. Also, with colleges like Columbia and Brown Universities capitulating to Trump’s demands to share admissions data, it robs students of color and students from low-income background the opportunities to follow their higher education dreams. What’s more, limits and caps to student loans will force more students to take out private loans or forgo college or grad school altogether.

Public Statement

Trump’s Admissions Data Order Threatens to Roll Back Decades of Hard-Fought Progress

Public Statement

Columbia and Brown’s Agreements to Share Student Data with the Trump Administration Aids and Abets a Racist Agenda

Blog

The Trump Administration’s Strategy to Influence Higher Education and What K-12 Schools Can Learn from It

Blog

Preserving Educational Opportunity in an Era of Fiscal Scrutiny: The Stakes for HBCUs and Their Students

Blog

The Great American Heist: Taxing Education, Not Billionaires or Corporations

Blog

The Great American Heist Comes for College Athletes: How Congress is Robbing Students of Opportunity

Blog

Student Story: The Uphill Battle for Transfer Students Just Got Harder

Disappearing Data – Erasing Crucial Data & Research

An illustration of a computer screen with graphs, charts, funnels, a magnifying glass and other icons to symbolize big data and analytics

Education data is power. It reveals gaps, guides resources, and holds institutions accountable — without bias. But when the administration suppresses data collection, underfunds research, or blocks transparency and public access, they’re not being neutral — they’re covering their tracks. This is a strategic erasure of the truth, designed to keep the public in the dark. Without data, we can’t demand justice. That’s not just negligence—it’s part of the heist. As the administration continues to cut funding for education research or limits public access to school data, they make it harder to identify injustices or hold anyone accountable. Without data, the most vulnerable students disappear from the conversation. And you can’t fix what you can’t see. But maybe that’s the point.

Blog

The Great American Heist Comes for Science: How NSF Cuts Threaten Our R&D Future

Reverse Robin Hood – Stealing from Families, Students & Taxpayers

Close up of stacks of money one hundred dollar bills

From the introduction of vouchers and the cap on student loans, to the gutting of essential social programs, all Americans will be affected by the cruel decisions made by the Trump administration. The only people who stand to benefit from this new budget are white, wealthy families and big corporations. Services like SNAP and Medicaid are being gutted to fund a tax cut for the rich, leaving everyday Americans in the lurch. Nearly 4 million children could lose access to food, and more than 18 million students could lose access to free meals. And 14 million people could lose their health insurance.

Photo by Logan Voss on Unsplash

Public Statement

EdTrust Statement: This Bill Isn’t Beautiful — It’s a Heist: Congressional Budget Plan Guts Education, Punishes Communities, Families, and Students

Public Statement

EdTrust Statement: On Independence Day, Trump Signs Away the American Dream

Public Testimony

Testimony of Denise Forte at Senate K-12 Education Spotlight Forum

Guide

The Next Threat to Education: Congress’ Budget Reconciliation

Video

Trump’s Chaotic Carnival Ride for Students

Blog

The Great American Heist: Taxing Education, Not Billionaires or Corporations

Blog

The Great American Heist Comes for College Athletes: How Congress is Robbing Students of Opportunity

Blog

Student Story: Defunding AmeriCorps isn’t Very American

Blog

Why Defunding AmeriCorps is a Mistake

The Bigly Budget Bust – The 2026 Trump Budget

An illustration of a person carrying a large bag leaking money in front of a school building. Written on the bag is public education, Pell, student loans, medicaid, college access

The proposed FY26 budget decimates education priorities and harms students irrevocably. Trump’s budget would cut education funding by 15%, lowering the level of investment to less than it was 15 years ago. It consolidates and cuts 18 K-12 programs into a new $2 billion formula grant that represents a $4.5 billion (69%) cut. This consolidation means there would be no more programs for training teachers and school leaders, migrant students, or English learners. It freezes the main Title I grant and eliminates all other Title I programs, which are designed to deliver assistance to the schools serving the highest amounts of students from low-income backgrounds. And for aspiring college students, the budget cuts the maximum Pell Grant, which is the keystone of federal student aid for college students from low-income backgrounds, by almost $1,700 (22%). The devil is in the details, so learn what’s at stake for our nation’s students.

Blog

Robbing Our Students’ Futures: The Indefensible Attacks on Public Education