Treasury to Handle Defaulted Student Loans in Education Department Restructure
TL;DR Summary
The Education Department says the Treasury Department will take over collecting on defaulted student loans as the first phase of a three-step plan to spin off key functions from the department; supporters say Treasury is better equipped to manage debt collection, but critics worry the change will confuse borrowers and signal broader dismantling of Education Department.
Topics:nation#education-policy#higher-education#student-loans#trump#us-department-of-education#us-department-of-the-treasury
- Trump administration moves key student loan oversight to Treasury The Washington Post
- Student Loan Office to Leave the Education Department The New York Times
- Trump to gradually move student debt oversight for millions outside Education Department USA Today
- Federal student loans will move to Treasury, further shrinking Education Department NPR
- Trump Shifts Federal Student Loan Management From Education Department Bloomberg.com
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