Trump administration moves to shift student loan management to Treasury
The Big Money Show · FBN · Mar 20, 2026 · 34sSign Up Now
Already a subscriber?
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.