Treasury Department to Take Over Defaulted Student Loans from Education Department, Affecting 10 Million Borrowers

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Education

10 August 2026 at 12:16 am

Treasury Department to Take Over Defaulted Student Loans from Education Department, Affecting 10 Million Borrowers

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Summary

The Treasury Department will assume responsibility for defaulted student loans from the Education Department, impacting 10 million borrowers and altering debt collection processes.

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