Trump Administration Hires McKinsey to Evaluate Student-Loan Portfolio - News Summed Up

Trump Administration Hires McKinsey to Evaluate Student-Loan Portfolio


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.


Source: Wall Street Journal May 01, 2019 16:27 UTC



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