The nation’s student loan portfolio will be handled by the Small Business Administration ... along with formula funding and student loans. Created in 1953, the SBA is “fully dedicated to ...

President Donald Trump said last week that federal student loans would "immediately" be moved out of the U.S. Department of Education and will be managed by the Small Business Administration.

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

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 ...

programs: "The Small Business Administration...will handle all of the student loan ... president said during a White House event that student loans will be handled by the Small Business ...