The Trump administration is attempting to move supervision of federal student loan debt to the Treasury Department from the Education Department.

The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department.

(CNN) — The Treasury Department will begin to manage federal student loans in default, taking on a key function of the Education Department as the Trump administration further pushes to dismantle it.

The Trump administration announced a three-phase transition that will eventually include management of most federal student loans as well as the Free Application for Federal Student Aid (FAFSA).

The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department, a first step toward shedding management of all student loans as Trump administration ...

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The Department of Education said the Treasury Department will take over collecting on defaulted student loans in a new partnership agreement.

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