The Small Business Administration has announced it is cutting half its workforce, triggering concern as the agency is also taking over the enormous student loan program. The agency is reducing the ...

Moving student loans, she added, to the SBA, which “has no background of familiarity with the student loan program, with the rights afforded to student loan borrowers under the Higher Education ...

“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 ...

Trump said student loans are moving out of the Department of Education and into the Small Business Administration. He also said that HHS will be taking over "special needs" and nutrition programs.

The SBA is downsizing at the same time it is taking on the $1.6 trillion loan portfolio, announcing a 43% staff cut the same day. Trump said the move would improve student loan servicing ...

As the president attempts to phase out the Education Department, the SBA will absorb federal student loan programs. It is unclear how many, if any, Education Department employees SBA will absorb ...

President Trump announced on Friday that he plans to move management of the federal student loan program to the Small Business Administration (SBA), a major step in his effort to dismantle and ...

In 2024, student loan debt in the United States totaled $ ... to and in the process of applying for federal student aid. The SBA was established in 1953 to administer small business and disaster ...

It noted that the size of the student loan portfolio is roughly the size of some of the nation’s largest banks — although the office has a far smaller staff than those banks do. But the SBA is ...

"I do want to say that I've decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, [who] is a terrific person, will handle all of the student loan portfolio," he said.

SBA Administrator Kelly Loeffler and President Donald Trump. Illustration: Inc; Photo: Getty Images As part of his plan to dismantle the Education Department, President Trump on Friday announced ...