US Education Dept Transfers Student Loans to Treasury
Las Vegas News Today | 2 Min Now | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Education Department is transferring its student loan portfolio to the Treasury Department, marking a significant step towards dismantling the agency as ordered by President Trump. This shift, which includes all loans, not just those in default, will not affect borrowers current servicers or payment schedules. However, the move faces legal challenges and concerns from borrower advocates about added confusion. The transfer is part of a broader effort to break up the department through deals with other government offices.
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