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Author Topic: Treasury taking over federal student loans amid dismantling of Department of Education  (Read 69 times)

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Offline mystery-ak

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Treasury taking over federal student loans amid dismantling of Department of Education
« on: March 20, 2026, 08:52:20 am »
Treasury taking over federal student loans amid dismantling of Department of Education

The agency is making a "hard reset" on student aid programs, an official said.
ByArthur Jones II
March 19, 2026, 6:13 PM

The Trump administration is expected to send the nearly $1.7 trillion student loan portfolio from the Department of Education to the Treasury Department amid its ongoing winding down of the agency, the Dept. of Education announced Thursday.

The move will start by impacting roughly 10 million borrowers who’ve either defaulted on their loans or are in late-stage delinquency, according to senior department officials.

In a multi-phase process to procure the Education Department's federal student aid services, senior department officials on a call with reporters emphasized that the large-scale decision is part of a new interagency agreement (IAA) with the Treasury.

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https://abcnews.com/Politics/treasury-taking-federal-student-loans-amid-dismantling-department/story?id=131230589

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Offline IsailedawayfromFR

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Re: Treasury taking over federal student loans amid dismantling of Department of Education
« Reply #1 on: March 20, 2026, 09:15:45 am »
Need to send it back to where it was prior to Obama's interference, ie - into private hands.
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Offline DefiantMassRINO

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Re: Treasury taking over federal student loans amid dismantling of Department of Education
« Reply #2 on: March 20, 2026, 10:37:01 am »
No, that socializes student loan debt to be paid by American taxpayers.

Setup a Student Loan Trust Corporation and keep student debt a private financial liability.
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Offline IsailedawayfromFR

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Re: Treasury taking over federal student loans amid dismantling of Department of Education
« Reply #3 on: March 20, 2026, 10:58:32 am »
Quote from: DefiantMassRINO on March 20, 2026, 10:37:01 am
No, that socializes student loan debt to be paid by American taxpayers.

Setup a Student Loan Trust Corporation and keep student debt a private financial liability.
Ideally owned by the universities that educate them.
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“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell
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