The Trump administration is moving forward with its transfer of federal student-loan accounts to the Treasury Department.
The Treasury and Education Departments announced on Wednesday, first reported by Business Insider, that they are launching the “Defaulted Loans Support Center.” The new online portal is intended to serve as a centralized hub for borrowers in default to return to good standing and access default resources.
Previously, defaulted borrowers had to file printed paperwork to access rehabilitation and consolidation resources. The agencies said the new support center would streamline the process, making it faster for defaulted borrowers to reenter repayment.
A senior Education Department official said in an interview that the two...
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