Treasury, Education Partner on Student Loan Fixes

The U.S. Departments of Treasury and Education announce the Federal Student Assistance Partnership to overhaul the mismanaged $1.7 trillion federal student loan portfolio, where nearly a quarter of borrowers sit in default. Education Secretary Linda McMahon calls it a historic move to dismantle the failed federal education bureaucracy, tapping Treasury's financial expertise for better debt collection on defaulted loans and eventual support for all loans. Read more about this...