Trump’s plan to dismantle the U.S. Department of Education threatens the future of its $1.64 trillion student loan portfolio. With staff cuts and the end of affordable repayment plans, 33 million borrowers face uncertainty. The financial arm of the department, which manages trillions in loans, could face new defaults and a reduction in services. As the Education Department undergoes restructuring, the future of student loans and the support available to borrowers is increasingly uncertain.$1.64 trillion student loan portfolio at risk as Trump moves to dismantle education department
Trump’s plan to dismantle the U.S. Department of Education threatens the future of its $1.64 trillion student loan portfolio. With staff cuts and the end of affordable repayment plans, 33 million borrowers face uncertainty. The financial arm of the department, which manages trillions in loans, could face new defaults and a reduction in services. As the Education Department undergoes restructuring, the future of student loans and the support available to borrowers is increasingly uncertain.