Privatizing student loan debt looks like a Trump/MAGA twofer: sabotaging higher education and further enriching billionaires. Oh, and probably stiffing taxpayers, too.
A Politico exclusive focuses on the Trump administration’s desire to sell student loan debt. But it’s pretty clear that what’s being explored is a path to full privatization of future loans. Privatizing student loan debt “aligns with broader Republican efforts to scale back federal student lending and expand private-sector involvement in the economy,” Politico said. Got it.
There doesn’t seem to be anything good for borrowers in the Trump plan.
Via Politico (with my emphases added):
Selling federal student loan debt raises significant logistical and legal concerns, adding new uncertainty for borrowers. Key question