Trump 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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142 Articles
142 Articles
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Center
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Right
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The Student Lending Mess Needs To Be Fixed
·Chicago, United States
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Total News Sources142
Leaning Left29Leaning Right22Center49Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 29%
C 49%
R 22%
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