U.S. Treasury ramps up collection of nearly $2 trillion in student loans

On 2026-04-27, the U.S. Department of the Treasury and the U.S. Department of Education entered into an agreement for Treasury to collect and manage repayment of nearly $1.7 trillion in student loans. The move was described as an effort to address long-standing mismanagement and fit President Donald Trump’s plan to close the Education Department.