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.

MARYLAND – The recent changes at the Department of Education, have caused some confusion around student loans, and a local ...

(Photo by Anna Moneymaker/Getty Images) A few weeks ago, President Donald Trump directed that the federal student loan ... Department to the Small Business Administration. Announcing the move ...