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 ...

Neither the Education Department’s Federal Student Aid office, which manages the loan program, nor SBA have provided a timeline or details of a plan to move the portfolio. But Education ...

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 ...

Neither the Education Department’s Federal Student Aid office, which manages the loan program, nor SBA have provided a timeline or details of a plan to move the portfolio. But Education ...

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 ...

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans.

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 ...

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.

WASHINGTON, D.C. — President Donald Trump has directed the federal government to transfer oversight of the nation’s $1.6 trillion student loan program to the Small Business Administration (SBA), ...