Business Insider
US · 30 mins ago
The transfer of millions of student-loan accounts to the Treasury is taking a key step forward
The Treasury Department announced new steps to take over defaulted student-loan accounts.
Andrew Harnik/Getty Images
The Treasury announced new steps to take over millions of defaulted student-loan accounts.
They include new partnerships with vendors to facilitate collections and a centralized rehabilitation hub.
Former officials and lawmakers have said the Treasury may not be equipped to manage student loans.
The transfer of student-loan accounts to the Treasury Department is moving…
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