Just like the small business owners we support, we must do more with less,” SBA Administrator Kelly Loeffler said.

With 40 million borrowers relying on these loans, the SBA’s new responsibilities have triggered widespread concerns about the future of the U.S. student loan program. The announcement ...

President Donald Trump announced the Small Business Administration would be taking over management of the student loan portfolio on the same day the agency announced sweeping job cuts (REUTERS ...

The SBA was established in 1953 to offer resources ... the expiration of COVID-era and other term appointments, and some job cuts. The layoffs at the federal agency are part of a larger campaign ...

which in turn drives job creation, innovation, and a thriving Main Street," said SBA Administrator Kelly Loeffler in a statement announcing the cuts. "But in the last four years, the agency has ...

Now the goal is to return to pre-pandemic staffing levels and cut some programs started during the Biden administration, said the new head of the SBA ... and some job cuts. The layoffs at the ...

Borrowers' loans will not be affected by the move to the Small Business Administration, but the transition may be rocky.

The student loan portfolio totals more than $1.6 trillion – the same size as some of the largest banks in the U.S.

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Elon Musk has thrown his weight behind the U.S. Small Business Administration's (SBA) new fraud-prevention policy, which now ...