U.S. Department of the Treasury and U.S. Department of Education Launch New Defaulted Loans Support Center
New Online Portal Provides Streamlined Options for Millions of Borrowers to Address Defaulted Loans and Return to RepaymentWASHINGTON – The U.S. Department…
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New Online Portal Provides Streamlined Options for Millions of Borrowers to Address Defaulted Loans and Return to RepaymentWASHINGTON – The U.S. Department of the Treasury (Treasury) and the U.S. Department of Education (ED) announced the launch of the Defaulted Loans Support Center, a new online portal that gives Americans with defaulted federal student loans a simpler way to understand their options, address default, and return to repayment. The launch of this portal is part of the Trump Administration’s commitment to improve the administration of federal student aid programs as part of the Treasury-ED Federal Student Assistance Partnership. “Under President Trump, Treasury and the Department of Education are restoring fiscal responsibility to our nation’s $1.7 trillion federal student loan portfolio,” said Treasury Secretary Scott Bessent.
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