Trump said student loans will be transferred to the Small Business Administration as part of his plan to eliminate the ...

Key Points ・President Trump said he wants to move the federal student loan system to the Small Business Administration, but ...

The closure of the entire department would require an act of Congress, but Trump and his newly appointed secretary of ...

The SBA did not include managing the $1.6 trillion federal student loan portfolio anywhere within its memo announcing its restructuring.

To move the federal student loan portfolio across agencies will likely require congressional action, as would shuttering the ...

The move, which is likely to face legal challenges, is part of the administration’s plan to shut down the Department of ...

President Trump announced that Kelly Loeffler at the Small Business Administration will take over federal student loans.

Borrowers' loans will not be affected by the move to the Small Business Administration, but the transition may be rocky.

“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, a terrific person, will handle all ...

President Donald Trump on Friday said federal student loans will be moved from the Department of Health to the Small Business ...

The Department of Education oversees federal student loans held by nearly 43 million people, or one in six American adults.

The agency is reducing the workforce by 43 percent, eliminating 2,700 jobs, in cuts enforced by Elon Musk’s Department of Efficiency, the agency’s head Kelly Loeffler said. The student loan ...