Soon, it aims to offload servicing for its remaining student loan portfolio: FFELP and private student loans. Many, or all, of the products featured on this page are from our advertising partners ...

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

The Small Business Association will now oversee the federal student loan portfolio, a task that the Department of Education, which President Donald Trump took executive action to scale back this ...

Money; Getty Images The Trump administration is moving forward with the idea to transfer the government’s $1.6 trillion student loan portfolio to another government agency. President Donald ...

Initially, after Trump signed an executive order in March dismantling the DOE, the administration proposed transferring the $1.6 trillion student loan portfolio to the Small Business ...

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President Donald Trump said Friday that the Small Business Administration, instead of the U.S. Department of Education, would handle the country’s federal student loan portfolio.

“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, noting it ...

Trump later said that the Small Business Administration will absorb the Education Department’s massive student loan portfolio. The loan portfolio totals a staggering $1.8 trillion in debt ...

March 21, 2025 President Trump announced Friday that the Education Department would no longer manage the nation’s $1.6 trillion student loan portfolio or supervise “special needs” programs ...

President Donald Trump said Friday that the Small Business Administration will absorb the Department of Education’s massive student loan portfolio as he seeks to dismantle the agency and shift ...