Sale of student loan portfolio could be next target of Trump Education Department

Trump May Strip Student Loans Of Legal Protections Through Selloff, Warns Lawmakers

A sale of federal student loans could jeopardize borrowers’ access to key repayment, loan forgiveness, and discharge programs, warned Democratic lawmakers.

Power outage in Peoria leaves 2,742 residents without power

Nearly 2,800 customers in Peoria, Illinois lost power Wednesday morning due to an outage, and Ameren Illinois is investigating the cause.

Elizabeth Warren Warns Trump Making A 'Tremendous Mistake' By Selling Federal Student Loans To Wall Street: 'I'm Fighting Back'

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump's plans to sell federal student loans to private companies, warning that the move could create windfall gains for Wall Street, at the expense of taxpayers and average working Americans.

Education Department announces new steps in downsizing push

The Trump administration plans to shift key services from the Education Department to other federal agencies.

Democrats warn feds against selling student loans to private market

Over 40 congressional lawmakers told Trump administration officials that transferring debt ownership could strip borrowers of their protections.

Trump Plan to Privatize Student Loans Denounced as ‘Giveaway to Wealthy Insiders’

"By selling parts of the federal student loan portfolio, the Trump administration may seek to unlawfully strip borrowers of their legally guaranteed protections," wrote a group of more than 40 Democratic lawmakers.