The Department of Education confirmed ongoing discussions with outside stakeholders about the possible sale or privatization of more than $1 trillion in federal student loans. Undersecretary Nicholas Kent told lawmakers the department has convened meetings but has not made a final decision. The review is part of broader efforts to reform the federal portfolio and explore alternatives to current servicing and liability models. If executed, a sale would shift credit risk, servicing arrangements and borrower protections to private entities, with broad implications for borrower relief programs, repayment terms and higher‑education financing models. Lawmakers and consumer advocates have pressed for transparency; Senators including Elizabeth Warren have sought detailed briefings on options and safeguards for vulnerable borrowers.