KEY TAKEAWAYS As part of President Donald Trump’s order to close the Department of Education, he said student loans will be transferred to the Small Business Administration.Eliminating the DEO or shifting its responsibilities would require an act from Congress.

President Trump moving student loans from the Education Department to the Small Business Administration (SBA) is rattling those affected, who say it is prime evidence that the White House has no

The White House wants to end the federal education agency, but you should still fill out FAFSA now if you want financial aid for next year.

President Donald Trump has proposed an unprecedented shift in the management of the nation's $1.6 trillion student loan portfolio, suggesting its transfer to the Small Business Administration (SBA).

More than 9 million student loan borrowers could see their credit scores plunge significantly over the next few months. Here's what you need to know

President Donald Trump said Friday he has decided that the Small Business Administration will handle student loans, taking it out of the Education Department immediately. "They are all set for it, they are waiting for it. It'll be serviced much better than it has in the past," Trump told reporters in the Oval Office.

Trump said "special needs" education and nutrition programs will be handled by HHS and the Small Business Administration will handle student loans.

The Trump administration's plans for student loans could open the door for banks to grab market share as borrowers seek alternatives.

The Small Business Administration will take over federal student loan programs, President Donald Trump announced Friday. “We have a portfolio that’s very large, lots of loans. Tens of ...