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Trump shifts student loans to Small Business Administration

Inside Higher Ed · 4h

Trump’s Plan to Move Student Loans to SBA Raises Concerns

The administration, which wants to close the Education Department, hasn’t said how it would move the $1.7 trillion portfolio to a new agency. Democrats say doing so would be a “clear violation” of the law.

CNN on MSN · 1d

Trump says Small Business Administration will take over Department of Education’s student loan portfolio

President Donald Trump said Friday that the Small Business Administration will absorb the Department of Education’s massive student loan portfolio as he seeks to dismantle the agency and shift more power over education to the states.

USA TODAY on MSN · 1d

Trump orders shift on student loan management to Small Business Administration

President Donald Trump said Friday he has decided that the Small Business Administration will handle student loans, taking it out of the Education Department immediately. "They are all set for it, they are waiting for it. It'll be serviced much better than it has in the past," Trump told reporters in the Oval Office.

1d

Small Business Administration to cut 2,700 jobs

The SBA, which provides resources to small businesses across America, said in a statement that it's cutting its workforce of ...

1d

Small Business Administration to reorganize, cut about 2,700 jobs

The SBA said its loan guarantee and disaster assistance programs, as well as its field and veteran operations, won’t be ...

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