Trump Admin Shifts 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 Trump administration plans to dismantle the Education Department, transferring its $1.7 trillion student loan portfolio to the Treasury. This move, part of a three-phase plan, aims to address mismanagement in federal lending. Supporters argue that Treasury experts are better equipped to manage loans and defaults, while critics warn it could burden families and push millions into financial trouble. This shift could significantly alter how the government handles student debt.
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