Aug. 1 (UPI) -- The Department of Education said Tuesday it is scrapping plans to scale back the number of contractors that collect student loan debt amid opposition from both Democrats and Republicans in Congress.
The Trump administration in May said it planned to walk back an Obama-era change that sought to offer greater consumer protections to student loan borrowers. At the time, Education Secretary Betsy DeVos said the system of using multiple companies collecting some $1.2 trillion in outstanding debt created a chaotic system.