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

The closure of the entire department would require an act of Congress, but Trump and his newly appointed secretary of education, Connecticut resident Linda McMahon, can shutter or shift pieces of the ...

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

SBA to cut half its workforce - all while taking on student loan management - The student loan portfolio totals more than $1.6 trillion – the same size as some of the largest banks in the U.S.

“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, a terrific person, will handle all of the student loan portfolio,” Trump told reporters in the Oval Office on ...

The Small Business Administration will take over federal student loan programs, President Donald Trump announced Friday. “We ...

The plan comes amid escalating concerns about loan defaults, with more than 9 million Americans behind on their payments following the pandemic-era freeze.

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

The Federal Student Aid (FSA) program is roughly the size of one of the Nation’s largest banks, Wells Fargo,” states the ...

That’s not their business,” Trump said. He added that he thought it would make sense for the SBA to oversee student loans and ...

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

More than 9 million student loan borrowers could see their credit scores plunge significantly over the next few months.