welcome
Thecollegeinvestor

Thecollegeinvestor

US Politics

US Politics

Trump wants to move federal student loans to the Small Business Administration, but no executive order has been signed

Thecollegeinvestor
Summary
Nutrition label

67% Informative

President Trump said he wants the $1.6 trillion federal student loan portfolio to be handled by the Small Business Administration .

Experts say such a move would likely require an act of Congress and could breach existing borrower contracts, leaving the plan vulnerable to lawsuits.

Even if enacted, any transfer would take months (or years) and would not change current repayment terms or borrower obligations.