Announcing the move in the Oval Office, Trump said, "I’ve decided that the SBA… will handle all of the student loan portfolios… [out of] the Department of Education immediately", adding that ...

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 ...

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 ...

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.

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 ...

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 ...

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 ...