How millions of student-loan borrowers will be affected by their transfer to the Treasury

The Treasury Department will take over managing some of the federal student-loan portfolio.

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• The Treasury Department will take over management of millions of student-loan borrowers' accounts.
• The transition will occur in phases, and affected borrowers should continue paying their federal servicer.
• Advocates raised concerns about the Treasury's ability to manage the federal student-loan portfolio.

The student-loan shake-up continues.