Trump Designates SBA to Administer Student Loans

President Donald Trump announced on Friday that the Small Business Administration will handle the student loans and Health and Human Services will take care of programs for students with disabilities and nutrition programs. Both elements will be taken out of the Department of Education, he said. The announcement came a day after Trump signed an executive order for Education Secretary Linda McMahon to dismantle the Education Department as far as is legally allowed. I've decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, who's a terrific person, will handle all of the student loan portfolio. Those two elements will be taken out of the Department of Education.