Education Department to transfer management of defaulted student loans to Treasury

By: Shauneen Miranda

Outlets: DC Bureau (States Newsroom)

Published: March 19, 2026

Words: 664

Last Updated: 1 day, 14 hours ago

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WASHINGTON — The U.S. Treasury Department will take over the Department of Education’s responsibility for collecting on defaulted federal student loan debt, President Donald Trump’s administration announced Thursday.

It’s the first step in a multi-phase process that will end with Treasury taking on the entire federal student loan portfolio. It’s also the latest interagency agreement announced by the Education Department.

A senior Department of Education official cited the agency’s “longstanding partnership” with Treasury in administering …

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