White House may sell parts of federal student loan portfolio, Politico reports

The White House is weighing options to sell off parts of the federal government’s $1.6T student loan portfolio to the private market, Politico’s Michael Stratford reports, citing three people familiar with the matter. The discussions are said to have taken place among senior Department of Education and Treasury officials, and have focused on selling high-performing portions of the government’s massive portfolio of student debt owed by about 45 million Americans, the report adds. Publicly traded companies in the space include Navient (NAVI), Nelnet (NNI), and SLM (SLM).