Just like the small business owners we support, we must do more with less,” SBA Administrator Kelly Loeffler said.

With 40 million borrowers relying on these loans, the SBA’s new responsibilities have triggered widespread concerns about the future of the U.S. student loan program. The announcement ...

The SBA last month announced plans to eliminate 43 percent of its workforce. That works out to approximately 2,700 jobs. The agency said the cuts would come through voluntary resignations ...

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

Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.

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The student loan portfolio totals more than $1.6 trillion – the same size as some of the largest banks in the U.S.

Challenger estimates 497,052 job cuts were announced in the first three months of the year—the highest quarterly total since Q1 in 2009, during the Great Recession. Outside of the government and ...

Elon Musk has thrown his weight behind the U.S. Small Business Administration's (SBA) new fraud-prevention policy, which now ...