Millions of student-loan accounts are being transferred to the Treasury — and the first phase is launching

The Education and Treasury Departments are launching the "Defaulted Loans Support Center," an online portal for defaulted student-loan borrowers. The portal is part of the Trump administration's plan to transfer federal student-loan accounts to the Treasury Department. It allows defaulted borrowers to make payments online and access rehabilitation and consolidation resources without filing printed paperwork. The launch marks the first phase of the transfer.

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