President Donald Trump says he wants to "immediately" transfer federal student loans to the Small Business Administration. Here's what borrowers need to know.

President Donald Trump has proposed an unprecedented shift in the management of the nation's $1.6 trillion student loan portfolio, suggesting its transfer to the Small Business Administration (SBA).

President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.