By Kristin Collier
This article was originally published by Truthout
Privatizing student loan debt would mean less protection for debtors, more suffering, and fewer paths to relief.
Trump administration officials are once again exploring the possibility of selling portions of the federal government’s $1.6 trillion student loan portfolio, held by about 45 million borrowers, according to recent reporting by Politico.
Federal law dictates that such a sale cannot cost taxpayers any money. But, as Eileen Connor, executive director of the Project on Predatory Student Lending, told Politico, executing a deal that benefits both taxpayers and borrowers is nearly impossible. The federal government enjoys extraordinary powers of…