US EditionTrump says student loans will be handled by Small Business Administration
- President Donald Trump announced that the Small Business Administration will manage the federal student loan portfolio instead of the U.S. Department of Education, stating that outstanding federal education debt exceeds $1.6 trillion, with more than 40 million Americans holding student loans.
- This announcement follows Trump's executive order aimed at dismantling the Education Department, though only Congress can completely eliminate the agency.
- Concerns were raised about how this change might affect protections and programs like Public Service Loan Forgiveness, as noted by experts.
- Experts suggested that neither the Commerce Department nor the Small Business Administration has relevant experience for managing student loans.
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Trump would shift student loans, other programs from Education to other homes - The Southern Maryland Chronicle
WASHINGTON — President Donald Trump said Friday that the U.S. Small Business Administration would handle the student loan portfolio for the slated-for-elimination Education Department, and that the Department of Health and Human Services would handle special education services and nutrition programs.The announcement — which raises myriad questions over the logistics to carry out these transfers of authority — came a day after Trump signed a swee…
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Total News Sources143
Leaning Left26Leaning Right22Center58Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 25%
C 55%
R 21%
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