More than 40 Democratic lawmakers demanded the Biden administration — and now the Trump administration’s reported advisors — halt discussions about selling parts of the federal student‑loan portfolio to private investors. Senators led by Elizabeth Warren, Richard Blumenthal and Ron Wyden sent a letter to Secretary Linda McMahon and Treasury officials warning a sale could strip borrowers of statutory protections and violate federal law if loans are sold at a loss to taxpayers. The letter follows reporting that Education and Treasury officials discussed options with consultants and potential buyers; it requests details on participants and analyses used in the talks. Legal experts note a 1998 law permits sales only if they cost the government nothing, which has historically constrained such moves.