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🇺🇲 Sec. Bessent says “restoring fiscal responsibility” is the goal with America’s $1.7 TRILLION federal student loan debt:

“POTUS, the U.S. Treasury, and the DoE are restoring fiscal responsibility to our nation’s $1.7 trillion federal student loan portfolio.

The new Defaulted Loans Support Center…[provides] defaulted borrowers a clearer path back to repayment and building a more efficient and accountable system that better serves borrowers and taxpayers.”

Key aspects of the initiative include transferring federal student loan accounts to the Treasury Dept. and launching a portal to help borrowers access resources to get back to compliancy.

Addressing student loan debt is a longstanding Trump priority.

It’ll also bring some much-needed focus to domestic priorities while POTUS’ international woes continue.

Source: Business Insider

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