President Donald Trump said Friday that the SBA will take on student loans and HHS will take on special needs and nutrition efforts.
President Donald Trump announced Friday that two key functions of the agency he is seeking to dismantle, the Department of Education, will be moved to new departments: The Small Business Administration will take on student loans, and the Department of Health and Human Services will take on special needs and nutrition efforts.
„I do want to say that I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, [who] is a terrific person, will handle all of the student loan portfolio“, he said.
„We have a portfolio that’s very large, lots of loans, tens of thousands of loans — pretty complicated deal. And that’s coming out of the Department of Education immediately“, Trump said, adding that he believes it will be „serviced much better“ than it has been.
Student loans are currently overseen by the Federal Student Aid Office within the Department of Education, and it handles not tens of thousands of dollars in loans but $1.6 trillion in loans for 43 million people.
Trump noted that Robert F. Kennedy Jr.’s HHS will handle „special needs and all of the nutrition programs and everything else“, conceding that it’s „rather complex.
