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Trump’s Proposed Student Loan Transfer To SBA: What 40 Million Borrowers Should Know
Trump announced plans to transfer the federal student loans from the Education Department to the SBA. Here’s what could change for borrowers—and what would stay the same
Millions of Student Loan Borrowers Are Behind on Payments
They’re seeing their credit scores drop, which will make it more difficult to buy a car or rent a home. And that has implications for the already slowing economy.
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.
Pay more than the minimum: The best strategy to reduce Your student loan
Eliminating student loan debt is a significant financial milestone. By paying more than the minimum, you can accelerate repayment, reduce interest costs, and improve your credit score, paving the way for better financial opportunities.
Nearly 3 in 10 Borrowers Say Student Loan Debt Has Kept Them From Buying a Home — Here’s What They Can Do
These are trying times for student loan borrowers. President Donald Trump aims to shut down the U.S. Department of Education and have the Small Business Administration take over federal student
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Trump: Small Business Administration to handle student loans
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 ...
Republicans hesitant to stand behind Trump’s plan for student loans
Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.