Trump Administration Hires McKinsey to Evaluate Student-Loan Portfolio

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Trump administration has hired consulting firm McKinsey to study how much student-loan borrowers will repay in the years ahead, a possible prelude to an effort to sell some debt to private investors

WASHINGTON—The Trump administration has retained private consultants to estimate potential losses in the U.S. government’s $1.45 trillion student-loan portfolio, and is weighing selling all or portions of the debt to private investors, according to administration officials familiar with the matter.

A potential sale is one of several options the White House is considering to address the student-loan program’s deteriorating finances.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NAFTA, Skills gap visa workers guise, heroin epidemic, increase in depression & suicide, crumbling infrastructure, bankrupt cities and states, mass shootings, and positive exponential growth tuition. Overt communist ideological subversion. subscribe to read haha

This is why debt is so high. We have all these people in Government, yet we have to hire outside firms to do investigations. Spend billions on wasted research that never gets nowhere. Just an excuse to give someone a job for favor. Stop the pork spending and balance the budget.

I'M NOT SUPRISED!!! HE did not keep his PROMISE to students---JUST like he is not keeping his PROMISE to our Vets.!!! The VA is WORSE than before!!! IMPEACH this POOR EXCUSE of a Human Being!!!

Easy solution is to stop borrowing money

GOP wants to keep Americans in debt, they are investing in our debt

Are we headed for another round of sub prime lending issues, this time for student loans? 🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump administration pushes for quick action to raise debt limitPush comes as fiscal deadlines loom later this year for a gridlocked Congress and Democrats at war with Trump No Raiseing the Debt Limit is OK now? The only reason why the Democrats should even remotely agree to that is with the outright and permanent abolition of the debt limit, which is unconstitutional in the first place.
Source: washingtonpost - 🏆 95. / 72 Read more »