President Donald Trump says he wants to "immediately" transfer federal student loans to the Small Business Administration. Here's what borrowers need to know.

President Donald Trump said Friday he has decided that the Small Business Administration will handle student loans, taking it out of the Education Department immediately. "They are all set for it ...

On Friday, the president said he has decided the Small Business Administration will handle student loans, taking it out of the Education Department immediately.

President Trump said Friday that as part of his effort to radically shrink the Department of Education, he is moving the management of all student loans to the Small Business Administration.

President Donald Trump says he wants to “immediately” transfer federal student loans to the Small Business Administration. Here’s what borrowers need to know.

The Small Business Administration will handle the federal student loan program, and the Department Health and Human Services will now oversee special needs and nutrition programs, Trump said.