Summary
Senator Elizabeth Warren and over 40 Democratic lawmakers warned against President Trump's reported plan to sell parts of the $1.6 trillion federal student loan portfolio to private companies. They argue it could harm borrowers and taxpayers. No formal plans have been confirmed by the Trump administration yet.
Key Facts
- Senator Elizabeth Warren warned about a plan to sell federal student loans.
- The loans total $1.6 trillion and may be sold to private companies.
- More than 40 Democratic lawmakers support Warren's concerns.
- No official decision or announcement has been made by President Trump's administration.
- The potential sale could affect legal protections for borrowers.
- Concerns include potential financial loss for taxpayers.
- The U.S. Department of Education was contacted but has not commented yet.
