Senator Elizabeth Warren of Massachusetts is leading efforts to halt discussions about selling the federal student loan portfolio, valued at $1.6 trillion, to private companies. ABC News reports that Senator Warren sent a bicameral letter to Education Secretary Linda McMahon and Treasury Secretary Scott Bessent urging the administration to immediately cease any efforts to privatise federal student loans. The letter, signed by more than 40 Democratic lawmakers including Senator Bernie Sanders and Representative Ayanna Pressley, states that privatising federal student loans would remove legally guaranteed protections for borrowers. According to ABC News, the lawmakers warned that such a sale could create financial losses for taxpayers while allowing private companies to profit from stude

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