Trump administration moves student loan oversight from Education Department to Treasury
The US Department of Education is transferring its student loan portfolio, starting with $180 billion in defaulted loans, to the Department of the Treasury. This move is part of an administration effort to reduce the Education Department's role, with Treasury eventually assuming responsibility for all federal student loans. Borrowers will not experience changes during the transition.
The US Department of Education is transferring its student loan portfolio, starting with $180 billion in defaulted loans, to the Department of the Treasury. This move is part of an administration effort to reduce the Education Department's role, with Treasury eventually assuming responsibility for all federal student loans. Borrowers will not experience changes during the transition. What's Your Reaction?
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