In 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.

Student loans will move under the umbrella of the Small Business Administration, President Trump announced Friday. The action aligns with Trump’s plan to dismantle the Department of Education ...

The Trump administration and U.S. Secretary of Education Linda McMahon are quickly implementing Project 2025’s 1 proposal to eliminate the U.S. Department of Education. On March 11, 2025, the ...

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 ...