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Student-LoansPresident Donald Trump’s push to hollow out the Education Department this week sparked fresh angst among student borrowers, raising concern about what happens to them and the more than one trillion dollars in debt they have to collectively repay.
The Trump administration on Tuesday made its first big move against the department, announcing plans to cut nearly half of the agency’s workforce. Among the ripple effects is the potential for an overhaul of the federal student loan system for borrowers; the department oversees federal loans held by roughly 43 million Americans — or about 1 in 6 US adults.
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