By shifting oversight of the portfolio, the Trump administration aims to improve loan collection as well as prevent borrowers ...

Payments still due and loan servicers remain open, collection activity will still happen. IDR applications will still be processed. Pell Grants and Direct Loans will continue to be disbursed, but ...

WASHINGTON, DC - MAY 18: A Department of Education sign is displayed outside of their federal student aid office on May 18, 2025 in Washington, DC. Borrowers have been reporting false default alerts ...

The Education Department said Thursday that the Treasury Department will assume responsibility for collecting on defaulted student loans, the first of three phases to spin off key functions of the ...