U.S. President Donald Trump holds up an executive order after signing it during an indoor inauguration parade at Capital One Arena on January 20, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)
OAN Staff Blake Wolf 5:44 PM – Friday, March 21, 2025
President Donald Trump announced on Friday that the Small Business Administration (SBA) will “immediately” take over the handling of all federal student loans, as opposed to the U.S. Department of Education.
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“We have a portfolio that is very large, lots of loans, tens of thousands of loans, pretty complicated deal,” Trump said in the Oval Office on Friday. “That’s coming out of the Department of Education immediately.”
🚨 President Trump announces that the SBA will begin handling student loans — and that HHS will handle the special needs and nutrition…
