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Trump says Education Department will no longer oversee student loans, 'special needs'

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The federal student loan portfolio – which manages about $1.6 trillion in loans for roughly 43 million borrowers – is currently overseen by the Education Department's office of Federal Student Aid (FSA). (Getty Images)
The federal student loan portfolio – which manages about $1.6 trillion in loans for roughly 43 million borrowers – is currently overseen by the Education Department's office of Federal Student Aid (FSA). (Getty Images)

This article was originally published on March 21, 2025.

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