{"id":8542,"date":"2025-04-18T00:05:43","date_gmt":"2025-04-18T00:05:43","guid":{"rendered":"https:\/\/www.discovery.org\/education\/?p=8542"},"modified":"2025-04-18T00:05:44","modified_gmt":"2025-04-18T00:05:44","slug":"federal-student-loans-are-moving-from-the-u-s-department-of-education-to-small-business-administration","status":"publish","type":"post","link":"https:\/\/www.discovery.org\/education\/2025\/04\/18\/federal-student-loans-are-moving-from-the-u-s-department-of-education-to-small-business-administration\/","title":{"rendered":"Federal Student Loans Are Moving from the U.S. Department of Education to Small Business Administration"},"content":{"rendered":"\n

On March 21, President Trump announced<\/a> from the Oval Office that the federal student loan portfolio would move from the U.S. Department of Education to the Small Business Administration.<\/p>\n\n\n\n

This announcement came the day after the president signed the \u201cImproving Education Outcomes by Empowering Parents, States, and Communities<\/a>\u201d executive order into law, which directs the Secretary of Education to take all lawful steps toward closing the U.S. Department of Education.<\/p>\n\n\n\n

Moving the federal student loan portfolio out of the U.S. Department of Education is an important step in winding down the department.<\/p>\n\n\n\n

Furthermore, it is a commonsense decision to have the Small Business Administration\u2019s financial experts \u2014 who already manage a massive number of small loans every day \u2014 oversee the approximate $1.6 trillion<\/a> of loans for 43 million<\/a> borrowers instead of education policy personnel.<\/p>\n\n\n\n

This is a welcome change that is positioned to increase service quality and overall efficiency. It\u2019s also important to note that the terms of the loans won\u2019t change just because the management moves from the U.S. Department of Education to the Small Business Administration.<\/p>\n\n\n\n

It is a commonsense decision to have the Small Business Administration\u2019s financial experts \u2014 who already manage a massive number of small loans every day \u2014 oversee the approximate $1.6 trillion<\/a> of loans for 43 million<\/a> borrowers instead of education policy personnel.<\/p>Keri D. Ingraham<\/cite><\/blockquote><\/figure>\n\n\n\n

Federal student loans have been a disaster since the Biden administration’s unlawful measures to cancel student debt. It was an attempt to remove legally binding fiscal responsibility from borrowers who chose to attend college and inappropriately put it on everyday hard-working Americans who didn\u2019t go to college with that debt.<\/p>\n\n\n\n

Thankfully, better days are ahead as President Trump continues to deliver on his promise to the American people to dismantle the 45-year massive failure of the U.S. Department of Education by moving key student services to other agencies and returning control back to the states.<\/p>\n\n\n\n

Click HERE<\/a> to listen to Dr. Keri D. Ingraham\u2019s interview on NTD News Today, or watch below.
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