{"id":2414218,"date":"2025-03-21T13:15:01","date_gmt":"2025-03-21T17:15:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-small-business-administration-will-take-over-student-loans\/"},"modified":"2025-03-21T13:15:01","modified_gmt":"2025-03-21T17:15:01","slug":"trump-small-business-administration-will-take-over-student-loans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-small-business-administration-will-take-over-student-loans\/","title":{"rendered":"Trump: Small Business Administration will take over student loans"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-small-business-administration-will-take-over-student-loans%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2414218&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump: Small Business Administration will take over student loans<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2046452\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/small-business-administration\/\" target=\"_blank\" rel=\"noopener\" title=\"Small Business Administration\">Small Business Administration<\/a> will take over federal student loans programs, President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a> announced Friday. <\/p>\n<p>&ldquo;We have a portfolio that&rsquo;s very large, lots of loans. Tens of thousands of loans. Pretty complicated deal,&rdquo; Trump said in the Oval Office. &ldquo;That&rsquo;s coming out of the Department of Education immediately, and it&rsquo;s going to be headed up by Kelly Loeffler at SBA.&rdquo;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3355271\/trump-wont-show-elon-musk-china-plans-conflict-interest\/\">Trump won&#8217;t show Elon Musk China plans due to conflict of interest<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3355160\/trump-planning-third-cabinet-meeting-monday\/\">Trump planning to host third Cabinet meeting on Monday<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3354907\/thousands-fired-federal-workers-reinstated-not-back-to-work-doge-cuts\/\">Thousands of fired federal workers reinstated but not back to work: &lsquo;Emotional whiplash&rsquo;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Loeffler, a former GOP senator from Georgia, was confirmed last month as head of SBA, and will now oversee a loans program that doles out trillions of dollars to college students.<\/p>\n<p>The news follows Thursday&rsquo;s signing of an executive order designed to <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3353848\/trump-executive-order-shut-down-education-department-official\/\" target=\"_blank\" rel=\"noopener\" title=\"unwind\">unwind<\/a> the Department of Education, which would take an act of Congress to be fully implemented. Trump may be trying to lay the groundwork for such a move by establishing a federal government that runs without it. <\/p>\n<p>&ldquo;They&rsquo;ll be serviced much better than they have in the past,&rdquo; Trump said. &ldquo;It&rsquo;s been a mess.&rdquo;<\/p>\n<p>More than 40 million Americans hold over $1.6 trillion in student loans collectively, which prompted former President Joe Biden to try to shift some of those debts onto taxpayers. Trump has shelved Biden&rsquo;s forgiveness plans, but may expect the program to become more streamlined under the business-focused SBA. <\/p>\n<p>However, the news comes on the same day that the SBA announced a <a href=\"https:\/\/www.sba.gov\/article\/2025\/03\/21\/small-business-administration-announces-agency-wide-reorganization\" target=\"_blank\" rel=\"noopener\" title=\"reorganization\">reorganization<\/a> that will see its staff cut by 43%, which the Trump administration says will reduce its workforce to pre-pandemic levels.<\/p>\n<p>Trump also announced that the Department of Health and Human Services will take over programs for children with special needs, another function previously handled by DOE. <\/p>\n<p>Both of those moves are certain to face legal challenges. <\/p>\n<p>&ldquo;I think that will work out very well, and those two elements will be taken out of the Department of Education,&rdquo; he said. &ldquo;I guarantee that in a few years from now &mdash; I hope I&rsquo;m going to be around to see it &mdash; but I think we&rsquo;re going to see a lot of it. I think that you&rsquo;re going to have tremendous results.&rdquo;<\/p>\n<p>Conservatives have pledged to dismantle the Education Department for decades, a vision Trump appears to be pursuing in his second term.<\/p>\n<p>Most Republicans are celebrating the news, saying the department&rsquo;s functions can be handled by other agencies, but Democrats and teachers unions have decried the moves as damaging to school children.<\/p>\n<p>Earlier on Friday, American Federation of Teachers president Randi Weingarten claimed Trump was eliminating the department to fund tax cuts for the rich.<\/p>\n<p>&ldquo;What does it mean if Title One [funding] goes to pay for tax cuts for Elon Musk?&rdquo; Weingarten said on a Zoom call. <\/p>\n<p>Weingarten said the moves could &ldquo;take away a reading specialist&rdquo; or an after-school program &ldquo;to give Elon Musk a tax cut.&rdquo;<\/p>\n<p style=\"text-transform:uppercase\"><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3354619\/trump-education-executive-order-congressional-legal-hurdles\/\" target=\"_blank\" rel=\"noopener\" title=\"Trump&rsquo;s education executive order faces congressional and legal hurdles\">Trump&rsquo;s education executive order faces congressional and legal hurdles<\/a><\/strong><\/p>\n<p>However, advocates for eliminating the department say that&rsquo;s a mischaracterization and that slashing jobs in Washington would leave more money available for student services rather than less.<\/p>\n<p>&ldquo;This will empower the states and make sure that students receive maximum benefits from the available funds,&rdquo; said Erika Donalds, a conservative education activist and wife of Rep. Byron Donalds (R-FL).<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2046452\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2046452\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump: Small Business Administration will take over student loans The Small Business Administration will take over federal student loans programs, President Donald Trump announced Friday. \u201cWe have a portfolio that\u2019s very large, lots of loans. Tens of thousands of loans. Pretty complicated deal,\u201d Trump said in the Oval Office. \u201cThat\u2019s coming out of the Department<\/p>\n","protected":false},"author":2635,"featured_media":2414219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Trump-Hegseth-Oval.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2414218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Trump-Hegseth-Oval.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2414218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2414218"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2414218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2414219"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2414218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2414218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2414218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}