India, Oct. 8 -- The US government is reportedly considering selling parts of its $1.6 trillion student debt to private lenders, Politico reported on Monday, citing sources in the Trump administration. The sources said that a discussion around it has taken place with the US Department of Education and the US Treasury, but a decision is not imminent.

The US federal government has a $1.6 trillion portfolio of federal education loans, affecting as many as 35 million Americans. The decision, if and when it happens, would affect many loan holders. However, a significant portion of the loan will still remain with the US government.

The US government's decision to pass on the loan to private entities will affect some borrowers, but not all. Th...