US Senator Warren calls on Trump administration to stop discussions on selling $1.6 trillion student loan portfolio
Senator Elizabeth Warren is spearheading a campaign against the potential sale of federal student loans to private firms. Over 40 lawmakers have urged the administration to stop these discussions. They warn of reduced borrower protections and financial losses for taxpayers. The Education Department is exploring options for the loan portfolio's fiscal health. Past attempts at similar transfers have faced challenges.
Senator Elizabeth Warren is spearheading a campaign against the potential sale of federal student loans to private firms. Over 40 lawmakers have urged the administration to stop these discussions. They warn of reduced borrower protections and financial losses for taxpayers. The Education Department is exploring options for the loan portfolio's fiscal health. Past attempts at similar transfers have faced challenges.
