""There's no better partner in the world than the Department of Treasury to make that happen," Kent said, emphasizing the importance of clear communication and enforcement in loan management."
""Millions of students and millions of family members were lied to by the previous administration. Many thought that they were going to have their debt wiped away, and the Supreme Court was very clear that that was unlawful," Kent stated."
""What we have been trying to do [in partnership with Treasury] is explain to borrowers that loan forgiveness is not happening and they have a variety of tools to use to be able to get back into current repayment," Kent explained."
The management of America's $1.7 trillion student loan portfolio is being transferred to the Treasury Department to improve borrower support and prevent delinquent payments. Education Under Secretary Nicholas Kent emphasized the need for clear communication regarding loan processes. The Trump administration plans to use tools like earnings data and artificial intelligence to streamline loan rehabilitation. Kent criticized the previous administration for misleading borrowers about debt forgiveness, stating that the current focus is on providing tools for repayment.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
Unable to calculate read time
Collection
[
|
...
]