There are also companies working in this space. There’s been nearly $1.2 billion invested in student loan management startups in the past year, according to PitchBook. Some startups work with ...

In 2024, student loan debt in the United States totaled $1.777 trillion and was held by 42.7 million borrowers, according to the Education Data Initiative. Trump's executive order instructed ...

The news, which Trump alluded to on Thursday, came after longstanding uncertainty around the future management of the immense student loan portfolio – which is larger than all but three US banks.

Despite these claims, the rationale behind this decision remains unclear, leaving many to question whether the SBA is equipped to handle the complexities of student loan management. Experts ...

Commerce Department or the Small Business Administration with federal student loan management. Experts said the most logical agency would have been the Treasury Department since it already plays a ...

But Trump acknowledged Thursday that the massive loan balance was a complicating factor in his effort to shutter the agency. “We’ve actually had that discussion today,” Trump told reporters ...