Business Insider
US · 2 hrs ago
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Trump's plan to transfer millions of student-loan accounts to the Treasury is in the works, officials confirm
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The Trump administration's Treasury Department has begun transferring management of millions of defaulted federal student-loan accounts from the Education Department, with Education staff being reassigned to assist in the transition, though no official timeline has been announced.
Trump's plan to transfer millions of student-loan accounts to the Treasury is in the works, officials confirm
The Treasury Department is beginning the process of taking over millions of federal student-loan accounts.
Aaron Schwartz/CNP/Bloomberg via Getty Images
The Treasury has started the process of taking over defaulted student-loan borrowers' accounts.
It said Education Department employees will be sent to the Treasury to help with the transition.
The agency did not provide a timeline for when it will officially assume management over the accounts.
The Trump administration is beginning a complicat
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