The federal government holds $1.6 trillion in student loan debt on its books. Now, the Trump Administration wants to offload some of that to the private market.

Treasury and Education Department officials have reportedly discussed the idea and are weighing hiring an outside firm to value the government’s portfolio. The conversations come as the administration has sought to shrink the Education Department.

But taxpayers likely won’t come out ahead, according to Preston Cooper, a senior fellow at the conservative American Enterprise Institute think tank. “I think the most likely scenario is that taxpayers get less than the loans are actually worth,” he told Politico.

Tesla unveiled more affordable alternatives to its popular Model Y and Model 3 vehicles in an apparent effort to offset the loss of federal tax incentives to purchase electric vehicles, which is expected to dampen demand. It’s the company’s first product release since the Cybertruck in 2019, which was ultimately delayed until 2023 due to production issues.

The owner of the New York Stock Exchange will invest $2 billion in Polymarket, valuing the firm—which has evolved from a fringe prediction platform to one of the fastest growing startups in decentralized finance—at over $8 billion. The company was fined and ordered to shut down certain markets by the Commodity Futures Trading Commission in 2022, but the agency ended its probe in July 2025, and the startup is expected to relaunch in the U.S.

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