Story perspectives

Trump Proposes $1.7 Trillion Student Loan Transfer to Treasury

3/20/2026

Summary

Story summary

U.S. President Donald Trump announced plans to transfer the federal student loan portfolio, worth nearly $1.7 trillion, to the Treasury Department.
The move would dismantle the Education Department and address program issues, including a delayed rollout.
Treasury Secretary Scott Bessent said the Treasury has the expertise to manage the program, while Protect Borrowers' Aissa Canchola Beñez calls the plan irresponsible as millions are in default or delinquency.

1 of 1

Story summary

U.S. President Donald Trump announced plans to transfer the federal student loan portfolio, worth nearly $1.7 trillion, to the Treasury Department.
The move would dismantle the Education Department and address program issues, including a delayed rollout.
Treasury Secretary Scott Bessent said the Treasury has the expertise to manage the program, while Protect Borrowers' Aissa Canchola Beñez calls the plan irresponsible as millions are in default or delinquency.