Trump administration moves to shift student loan management to Treasury

Name: Trump administration moves to shift student loan management to Treasury
Uploaded: 2026-03-20T18:00:43Z
Duration: 34 s
Description: The host reports on the U.S. Department of Education transferring its student loan portfolio to the U.S. Treasury, a step aligned with President Trump's intent to phase out the department. Statistics show $1.7 trillion in federal student loan debt, with 25% of borrowers in default, making a new collection partnership a "must," according to Education Secretary Linda McMahon.

The Big Money Show · FBN · Mar 20, 2026 · 34s

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The host reports on the U.S. Department of Education transferring its student loan portfolio to the U.S. Treasury, a step aligned with President Trump's intent to phase out the department. Statistics show $1.7 trillion in federal student loan debt, with 25% of borrowers in default, making a new collection partnership a "must," according to Education Secretary Linda McMahon.