Which federal agency regulates student loans and provides borrower protections?

The U.S. Department of Education is the federal agency that primarily regulates student loans and ensures borrower protections. It plays a crucial role in administering federal student aid programs, establishing guidelines for loan origination and servicing, and implementing policy reforms that protect borrowers. This agency specifically oversees federal student loan programs such as Direct Loans and Perkins Loans, managing everything from loan disbursement to borrower repayment options.

In addition to regulatory oversight, the U.S. Department of Education also produces comprehensive consumer information related to student loans, including financial aid resources and borrower rights. Thus, it is the designated authority for addressing issues related to student loans and providing necessary protections for borrowers.

Other agencies have different roles related to consumer interactions and protections, but they do not focus exclusively on student loans. Understanding the specific mandate of the U.S. Department of Education highlights the importance of its function in safeguarding student borrowers in the educational finance landscape.