Treasury to Take Over Defaulted Federal Student Loans
TL;DR
The Trump administration will shift the collection of defaulted federal student loans from the Education Department to the Treasury, with Treasury eventually providing operational support for current loans as part of a broader effort to overhaul a $1.7 trillion federal student debt portfolio.
Topics:nationpolitics#defaulted-loans#education-department#federal-debt#politics#student-loans#treasury-department
- Trump admin tasks Treasury Dept. with student loan collection. What borrowers need to know CNBC
- Student Loan Office to Leave the Education Department The New York Times
- Treasury Department to take over some federal student loans, as Trump administration works to dismantle Education Department CNN
- McMahon sends letter to 9M delinquent student borrowers that Bessent is new debt collector — with $425B on the line New York Post
- If you have student loans, here's what to know about Treasury move USA Today
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