Trump's Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn't succeed.

The Treasury Department is expected to soon take over some of the federal student-loan portfolio. Nathan Howard/Bloomberg via Getty Images The Treasury Department is set to begin taking over defaulted student-loan borrowers' accounts. An Obama-era pilot program found the Treasury had low recovery rates on defaulted student loans. Education policy experts said the transfer could complicate borrowers' repayment efforts. The fate of the federal student-loan portfolio is moving to the Treasury ...