Name: Treasury to take over student loan management
Uploaded: 2026-03-21T05:15:06.680Z
Duration: 1 min 25 s
Description: The Trump administration is shifting responsibility for student loans to the Treasury Department, starting with borrowers in default, as part of a broader effort to scale back the Education Department. Officials say the move will streamline the system, while critics warn it could create confusion for borrowers.

The Trump administration is shifting responsibility for student loans to the Treasury Department, starting with borrowers in default, as part of a broader effort to scale back the Education Department. Officials say the move will streamline the system, while critics warn it could create confusion for borrowers.

Washington

The Trump administration has announced that the Treasury Department will now manage student loans in default and will eventually take over the entire federal student loan portfolio. This move is part of a broader effort to reduce the role of the Education Department, which has been transferring responsibilities to other agencies.

Officials argue the change will streamline loan management by leveraging Treasury's access to financial data, but critics contend it could make repayment options less clear for borrowers. The transition has faced opposition in Congress, with some calling for the administration to prioritize support for students and public services.

Treasury to take over student loan management

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Breakdown