Trump Transfers Student Loans to SBA

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federal student loan management

NBC News

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US Politics

Trump says student loans will be handled by Small Business Administration

Summary

Nutrition label

76% Informative

Outstanding federal education debt exceeds $1.6 trillion , with more than 40 million Americans holding student loans.

Trump said earlier this month that his administration was looking to task any of the Treasury Department , Commerce Department or Small Business Administration with federal student loan management.

Consumer advocates are worried that the mass transfer of accounts could trigger errors, or compromise borrowers’ privacy.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech