Student Loan Management Shifts to Treasury Department
Student loans are headed to the Treasury Department. Here's what to know if you have student debt
The Treasury Department will take over the management of student loans whose borrowers are in default, according to a new agreement announced Thursday. Borrowers do not need to do anything as the change goes through, the administration says.
The Treasury Department will assume control of defaulted student loans under a new agreement announced Thursday. Borrowers need take no action during this transition. The shift aims to streamline management of delinquent accounts and improve collection processes.
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