Reported about 16 hours ago
President Trump announced a plan to transfer federal student loan management to the Small Business Administration (SBA) as part of his effort to dismantle the Department of Education. However, experts raise legal questions about this move, citing the Higher Education Act which mandates the Department of Education to oversee student aid. With ongoing staff layoffs at the SBA and skepticism about their capability to manage the extensive student loan program, many are calling for clarity on the rationale behind this decision.
Source: YAHOO