3 big changes Trump wants to make for student loans

Evan Vucci/AP The Trump administration is planning a major overhaul of the federal student loan system that will affect not just borrowers but also the companies that currently service the more than $1 trillion in outstanding debt owed to the federal government. The Department of Education announced on Friday that it will seek to offer what amounts to a monopoly on loan servicing to a single company, rather than splitting the work between a handful of different private sector firms and public-pr...