Trump Admin. Mulls Selling Student Debt Portfolio, Warren Says

Feb. 23, 2026, 4:12 PM UTC

The Education Department is weighing a sale of the federal student loan portfolio, Sen. Elizabeth Warren says, citing a response from department Under Secretary Nicholas Kent.

  • Department has not taken any final actions nor made final decisions regarding selling all or part of the student loan portfolio, Kent says in the letter cited by Warren
    • “We continue to explore all viable options to reduce the burden on taxpayers by restoring the health of the portfolio,” Kent says
  • Warren raises concerns about potential impacts on Americans with student loan debt

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