US Top News and Analysis5d ago
Trump administration tasks Treasury Department with student loan collection. What borrowers need to knowAInegative
The Trump administration is assigning the Treasury Department to handle collection of defaulted student loans and provide operational support for current loans. This move may impact the student loan industry and borrowers. Borrowers with defaulted loans may face more aggressive collection efforts.
Impact: The change is likely to have a negative effect on the stock price of companies involved in student loan servicing due to increased government oversight and potential changes in collection practices.
Not investment advice