Trump Administration Transfers Student Loans to Treasury
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Trump administration plans to transfer the Education Departments student loan portfolio to the Treasury, affecting nearly 10 million borrowers. This move aims to simplify aid delivery and save taxpayer money, but critics worry about added chaos for struggling borrowers. Treasury will handle collections and repayment, aligning with recent efforts to end Biden-era plans and introduce a new income-driven repayment option. Borrowers are advised to contact the Federal Student Aid office for guidance.
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