Student loans to go to Treasury Department
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Something just changed for student loan borrowers.
The Treasury Department will take over the collection of defaulted federal student loan debt, and will support efforts to bring borrowers back into repayment.
A federal appeals court has struck down the Biden‑era SAVE student loan repayment plan after years of legal challenges. The program, which offered the most generous repayment terms and potential loan forgiveness after as little as 10 years,