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.

A ‘Giveaway’ To Wealthy Insiders

On Tuesday, in a post on X, Warren argued that the administration’s proposed move “would be a giveaway to wealthy insiders,” which she said comes at the expense of “working class borrowers and taxpayers.”

This comes as the Trump administration weighs selling the federal government's $1.6 trillion student loan portfolio to private investors. Politico reported that officials from the Treasury and Education departments have held discussions with finance industry executives about the potential sale.

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“It's a tremendous mistake,” Warren said, since such a sale would strip student ...