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Mar 21, 2025 Trump transferred management of the federal student loan program to the Small Business Administration Tier 1 · Primary Economic Structure
The transfer moved a $1.7 trillion portfolio affecting 42 million borrowers to an agency lacking relevant expertise, raising concerns about borrower protections.
Supporting reportingSurfacings — do not carry alone
Supporting reports
- Trump administration announces transfer of federal student loan program from Department of Education to Small Business Administration — On March 21, 2025, President Trump announced that management of the federal student loan program—covering 42 million borrowers and $1.7 trillion in debt—would be transferred from the Department of Education to the Small Business Administration, effective immediately. The SBA simultaneously announced a 43% workforce reduction. Education experts warn the move will degrade borrower protections, increase defaults, and may not achieve claimed cost savings, as the SBA lacks experience managing individual loans and oversight infrastructure.
Verified: Tier 1 primary record
Week 9 – 2025-03-15–2025-03-21
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