Trump privatizing student loan system would spur higher-ed reform, lower costs: expert

Since its founding in 1979, the U.S. Department of Education has played a significant role in shaping federal student loan policies, impacting the rising cost of education and loans. As President Donald Trump aims to downsize and potentially close the DOE, experts suggest transitioning to a private loan system rather than shifting administration to other government agencies. The government’s current exclusive lending approach may lead to “bad investments,” prompting calls for a shift to private lenders to incentivize responsible borrowing and repayment.

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