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Trump Says Student Loans Will Be Managed By Small Business Administration, Not Education Department


Published on 2025-03-21 20:01:30 - Forbes
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  • P resident Donald Trump said Friday the Education Department would no longer handle the federal government's student loans, school nutrition and special needs programs,

In a recent announcement, former President Donald Trump stated that if re-elected, he plans to shift the management of student loans from the Department of Education to the Small Business Administration (SBA). This proposal aims to treat student loans more like business loans, potentially offering different terms and conditions that could benefit borrowers by aligning student debt with entrepreneurial opportunities. Trump's suggestion comes amidst ongoing debates about student loan forgiveness and the management of educational debt, reflecting his administration's previous interest in rethinking federal student loan programs. This move would represent a significant policy shift, potentially affecting how student loans are administered, serviced, and possibly forgiven in the future.

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[ https://www.msn.com/en-us/money/other/trump-says-student-loans-will-be-managed-by-small-business-administration-not-education-department/ar-AA1BoITB ]