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 transferred to the Small Business Administration.Eliminating the DEO or shifting its responsibilities would require an act from Congress.

President Donald Trump says he wants to “immediately” transfer federal student loans to the Small Business Administration. Here’s what borrowers need to know.