The Trump administration is reportedly talking about selling off the federal student loan portfolio in a move decried by Democrats and faced with skepticism by others.

The portfolio, worth $1.77 trillion, is currently held by the government and contracted to loan servicers. The reported discussions between the Education Department and the Treasury Department could be the first steps in selling the portfolio to private companies.

Advocates argue the consequences to borrowers would be great and the benefits to the federal government minimal, while it is unclear if this a move the administration could get past Congress.

The Education Department gave few details when The Hill reached out about discussions regarding the sale of the portfolio, plans that were first reported by Politico .

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