Dossier
defaulted borrowers
Coverage of defaulted borrowers in the Nexus archive.
- A new GOP bill aims to make the transfer of millions of student-loan accounts to Treasury official
Rep. Tim Walberg introduced a bill to transfer student-loan account management from the Education Department to the Treasury, starting with defaulted borrowers. The proposal is part of House GOP efforts to reduce the Education Department's size, with supporters claiming improved efficiency and critics questioning the Treasury's capability to manage complex loan programs.