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.

“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, will handle all of the student loan portfolio,” Trump told reporters in the Oval Office, adding that ...

It's a major challenge to the Trump administration's plans to dismantle the Education Department: How to transfer the loan accounts of over 40 million people.

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 ...

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 ...