Education Dept. Transfers Student Loans to Treasury
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Education Department is transferring its student loan operations to the Treasury Department, marking a significant step towards dismantling the agency. This move, ordered by President Trump, will see Treasury initially manage defaulted loans, with plans to handle all loans eventually. Borrowers wont notice a change, but critics argue this could lead to confusion and potential errors. The shift is part of a broader effort to relocate operations and shrink the department, with Treasury having previously handled loans with mixed results.
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