Politico reports the Trump administration is considering options to privatize some $1.6 trillion in federal student loan debt. Officials with the Education Department and Treasury Department have reportedly been looking for private buyers to sell off a massive portion of the federal government’s student loan debt portfolio, currently owed by an estimated 45 million people in the United States. The move would raise legal concerns and could further erode protections for borrowers as advocates continue to demand for student loan cancellation.