Student Loans Are Headed to the Treasury Department. Here's What to Know if You Have Student Debt

Student Loans To Get Taken Over By Treasury From Edudation Department As Trump Dismantles The Latter

The U.S. Department of the Treasury is getting ready to handle some student loan cases while President Donald Trump dismantles the U.S. Department of Education. On Thursday, both agencies came to an agreement, allowing the Treasury Department to take over loans that are overdue by months. According to the Associated Press, the default loans from student borrowers currently amount to $180 billion. For now, the Treasury Department will only manage…

US Treasury To Partner With Education Department To Collect Student Loan Debt

US Treasury To Partner With Education Department To Collect Student Loan Debt Authored by Naveen Athrappully via The Epoch Times (emphasis ours), The U.S. Department of the Treasury and the Department of Education (ED) jointly announced a new partnership under which the Treasury will assume responsibility for collecting on defaulted federal student loan debt, according to a March 19 joint statement from the departments. Secretary of Education Li…

Student loans are headed to the Treasury Department. Here's what to know if you have student debt

NEW YORK — The Treasury Department will take over the management of student loans whose borrowers are in default, according to a new agreement announced Thursday. The U.S. Education Department's handing off these student loans is the next step in…

Trump tasks Treasury Dept to handle collection of student loans as delinquency rates increase

The Treasury will ultimately offer “operational support” for existing loans.