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The transfer of millions of student-loan accounts to the Treasury is taking a key step forward
The transfer of student-loan accounts to the Treasury Department is progressing, with the Treasury announcing new steps to manage defaulted loans.
AI Summary
The transfer of student-loan accounts to the Treasury Department is progressing, with the Treasury announcing new steps to manage defaulted loans. A partnership with new collection vendors is part of these efforts, indicating a shift in the approach to handling defaulted student loans. The implications of this development are not yet clear, but it appears to be a significant step forward in the transfer process.
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