President Donald Trump has yet to win over his own party with his push to “immediately” transfer the Education Department’s massive student loan operation to another agency slated for deep staff cuts.

KEY TAKEAWAYS As part of President Donald Trump’s order to close the Department of Education, he said student loans will be transferred to the Small Business Administration.Eliminating the DEO or shifting its responsibilities would require an act from Congress.

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