“Trump Says Education Department will no Longer Oversee Student Loans, ‘Special Needs'”

Mar 21st 2025 3:44pm EDT

SUMMARY: President Donald Trump announced on Friday that the management of the U.S. federal student loan portfolio and “special needs” programs would be transferred to other federal agencies. The federal student loan portfolio, which manages around $1.6 trillion in loans for 43 million borrowers, will now be overseen by the Small Business Administration (SBA), led […]

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