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Education Department to transfer management of defaulted student loans to Treasury

State News – Washington

WASHINGTON — The U.S. Treasury Department will take over the Department of Education’s responsibility for collecting on defaulted federal student loan debt, President Donald Trump’s administration announced Thursday. It’s the first step in a multi-phase process that will end with Treasury taking on the entire federal student loan portfolio. It’s also the latest interagency agreement announced […] Continue reading this story from the source →

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