Education Dept. to move defaulted student-loan platform to studentaid.gov

President Donald Trump's Education Department plans to move the platform for managing defaulted federal student loans from myeddebt.ed.gov to Federal Student Aid's main site, studentaid.gov. An internal document said the change is meant to improve the user experience by housing all student-loan operations under Federal Student Aid; the old MyEdDebt platform will remain available until the transition is complete.

An Education Department spokesperson said, "ED, in partnership with Treasury, continues to make significant investments to improve borrower experience." Under the current system, borrowers in default must create a separate MyEdDebt account even if they already have a Federal Student Aid account, a step that can be confusing and risky.

Failure to take action can lead to wage garnishment, the seizure of federal benefits and tax refunds, and damage to credit scores.

United States

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