Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.
KEY TAKEAWAYS As part of President Donald Trump’s order to close the Department of Education, he said student loans will be ...
President Donald Trump says he wants to “immediately” transfer federal student loans to the Small Business Administration.
Borrowers' loans will not be affected by the move to the Small Business Administration, but the transition may be rocky.
The SBA has reportedly reopened the 'Fork in the Road' option that DOGE first floated to most government workers in late January.
The plan comes amid escalating concerns about loan defaults, with more than 9 million Americans behind on their payments ...
This move to gather feedback may be in response to President Donald Trump's March 7 executive order to limit eligibility for ...
In this Your Money Matters, we sit down with a financial advisor to find out what borrowers should know amongst the confusion ...
The Small Business Administration has announced it is cutting half its workforce, triggering concern as the agency is also taking over the enormous student loan program. The agency is reducing the ...
Federal student loan borrowers should start repaying their loans so as not to affect their credit scores. A pause on credit ...
Neither the Education Department’s Federal Student Aid office, which manages the loan program, nor SBA have provided a timeline or details of a plan to move the portfolio. But Education ...