Democrats Oppose Potential Federal Student Loan Portfolio Sale

Democrats oppose a potential sale of the federal government’s student loan portfolio. A letter, signed by over 40 Democrats, was sent released on November 17, led by Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (I-VT) and Rep. Ayanna Pressley (D-MA), urging lawmakers to halt efforts to privatize the federal student loan portfolio. The letter cites that a sell-off would increase costs to working-class borrowers and taxpayers and raise potential legal issues. 

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