President Donald Trump recently stated that the US Department of Education should not manage federal student loans, calling it “not their business.” He proposed shifting loan oversight to the Treasury Department, Commerce Department, or the Small Business Administration. Experts have warned that such a move could lead to significant disruptions for the 40 million borrowers already facing challenges with loan servicing. Trump’s plan raises concerns about the stability and efficiency of loan management.
President Donald Trump recently stated that the US Department of Education should not manage federal student loans, calling it “not their business.” He proposed shifting loan oversight to the Treasury Department, Commerce Department, or the Small Business Administration. Experts have warned that such a move could lead to significant disruptions for the 40 million borrowers already facing challenges with loan servicing. Trump’s plan raises concerns about the stability and efficiency of loan management. President Donald Trump recently stated that the US Department of Education should not manage federal student loans, calling it “not their business.” He proposed shifting loan oversight to the Treasury Department, Commerce Department, or the Small Business Administration. Experts have warned that such a move could lead to significant disruptions for the 40 million borrowers already facing challenges with loan servicing. Trump’s plan raises concerns about the stability and efficiency of loan management.
