Trump wants to sell some student loans. What if yours is one of them? | USA Today

“Could the sale be cost-free for taxpayers?

Experts say it's not clear. That's because private buyers would likely value the student loan portfolio lower than the government has.

For example, results from a 2019 analysis by McKinsey consultants to assess the value and credit profile of the Direct Loan portfolio “were not good: an estimated 45 percent of loans in the portfolio were not expected to ever be repaid,” said the Project on Predatory Student Lending, a legal organization that represents student borrowers.”

Read the full story here.

Next
Next

Trump administration considers sale of federal student loan debt | POLITICO