Trump wants to abolish the Department of Education: What that could mean for student loan borrowers

Fortune

It remains to be seen what exactly Trump will order or if he has the authority to carry out such a sweeping measure in the first place. But if the Department of Education (ED) were to close, it is possible that management of its current $1.7 trillion federal student loan portfolio would be moved to a different department or agency, like the Treasury Department, says Betsy Mayotte, president of the Institute of Student Loan Advisors.

The Institute of Student Loan Advisors (TISLA™) is a private 501(c)(3) nonprofit dedicated to ensuring that all consumers have access to fair, free, student loan advice and dispute resolution. We will never charge consumers for our services and do not require registration or affiliation to utilize our services. While we encourage all student loan borrowers to talk to their loan holders for help, we understand that sometimes, you just want a second opinion or need additional help.

freestudentloanadvice.org

Share This