Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has been on a mission to dismantle and reshape the agency. In his latest move, he’s targeting the student loan division. He’s folding that office, which is meant to protect student loan borrowers from any wrongdoing, into a different unit focused on consumer education. Think of it as a sort of downgrade, if you will. But what does the move actually mean, and how could it impact students?

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