Loan Shake-Up: Trump Proposes SBA Takeover of Education Dept's Student Debt Management

In a bold move signaling significant changes to federal education policy, President Donald Trump announced Friday that the Small Business Administration (SBA) will take over the Department of Education's extensive student loan portfolio. This strategic shift is part of a broader initiative to dismantle the Department of Education and transfer more educational decision-making power to individual states.
The president's plan represents a dramatic restructuring of how student loans are managed and reflects his administration's commitment to reducing federal bureaucracy. By moving the massive student loan system under the SBA's umbrella, Trump aims to streamline administrative processes and potentially introduce more business-oriented approaches to student financing.
This unprecedented transition underscores the administration's vision of decentralizing educational governance, empowering state-level education authorities to have greater autonomy in shaping their educational landscapes. The announcement has already sparked intense debate among education policy experts and stakeholders about the potential implications of such a significant administrative reorganization.