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Moving Student Loans to the SBA Could Create Problems for Borrowers, Experts Say
President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.
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Trump wants Small Business Administration to handle student loans. Here's what borrowers need to knowIn a recent announcement, President Donald Trump said he wanted to "immediately" transfer the country's $1.6 trillion student loan portfolio to the Small Business Administration. Experts ...
Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.
Yuri Gripas / Abaca / Bloomberg via Getty Images President Donald Trump said Friday the Small Business Administration ... would handle the country's $1.6 trillion portfolio of student loan ...
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