Senators Question Department of Education on Transparency of $1 Billion Student Loan Administration Fund

U.S. Senators Elizabeth Warren, Jeff Merkley, Cory Booker, and Chris Van Hollen have sent a letter to Education Secretary Linda McMahon, expressing concern over the lack of public transparency regarding the Department of Education's use of a $1 billion fund allocated for student loan administration under the One Big Beautiful Bill Act (OBBBA). The senators urged the department to use the funds to address the ongoing student loan default crisis.