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U.S. Education Department Begins Shift of $1.7 Trillion Student Loan Portfolio to Treasury

Education Secretary Linda McMahon said the process has begun to move the Department of Education’s student loan portfolio to the Treasury Department.

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Terms & Concepts
  • Student loan portfolio: The total collection of outstanding education loans managed by a government agency or lender.
  • Treasury Department: The U.S. government department responsible for federal finances, debt management, and related fiscal operations.