WASHINGTON—The official overseeing the U.S. government’s $1.3 trillion student-loan portfolio abruptly resigned late Tuesday, saying he couldn’t in “good conscience” lead the agency while it was facing rising scrutiny from the Trump administration about its management of the lending programs. James W. Runcie, chief operating officer of the Education Department’s Office of Federal Student Aid, wrote in a two-page letter sent to...

Source: Wall Street Journal May 24, 2017 15:33 UTC