Aw, Phooey! Uncle Sam's Messin' with My Money... I Mean, Student Loans!

Oh Boy Oh Boy Trouble's Brewin'!

Aw gee whiz! This whole government rigmarole is makin' my feathers ruffle! Seems like they're playin' hot potato with a whole lotta money – $1.6 TRILLION in student loans can you believe it?! The Education Department was chattin' with the Treasury Department about shufflin' things around. "The Department had been negotiating a memorandum of understanding with the Treasury Department regarding student loan management," some big shot named Rachel Oglesby said. What a quack up! It's like Huey Dewey and Louie trying to decide who gets the last slice of pie – everyone's gonna end up fightin'!

Nine Little Ducklings Go Marching to the Treasury!

Nine employees were supposed to waddle their way from the Education Department's Default Collections Unit over to Treasury. "To discuss collections activities," they said! Sounds like someone's tryin' to play Duck Duck Goose with my hard earned clams! And who knows what kinda quackery they'd be up to over there? It's enough to make a duck see red I tell ya!

Hold Your Horses... Or Should I Say Hold Your Ducks!

But hold on to your hats folks! A judge put the kibosh on the whole shebang! Seems like they tried to pull a fast one by reshufflin' things but Judge Myong Joun said "Oh no you don't!" He made 'em rehire a whole flock of employees and blocked the loan transfer. "Wise guy eh?" well not this time!

Is Uncle Sam Tryin' to Pull a Scrooge McDuck?

Some smarty pants are sayin' that all this hocus pocus means the government wants to make the Education Department smaller. Like poof disappear! President Trump even blabbed that the Small Business Administration would handle the debt instead! "They're all set for it," he squawked. All set for what?! Makin' a bigger mess I bet!

Congress to the Rescue... Maybe?

But here's the rub folks. Some know it all named Mark Kantrowitz pointed out that some old book called "The Higher Education Act of 1965" (who comes up with these names?!) says the Education Department is supposed to handle the loans! So they need Congress to say it's okay to move 'em. That's like askin' Gladstone Gander for a favor – good luck with that!

Quack! Protect Those Precious Feathers... I Mean Borrowers!

And get this! Consumer advocates are worried that movin' all these accounts will cause problems. Errors privacy breaches and changes to loan programs? It's enough to make a duck go bonkers! Especially with over 42 million Americans holdin' onto these federal student loans! This whole thing is a real "Double Dumbass!"