President Donald Trump has announced that the Small Business Administration (SBA) will take over the management of federal student loans, removing this responsibility from the Department of Education. This move is part of his broader plan to dismantle the Education Department, with some of its other functions potentially being transferred to the Department of Health and Human Services. The decision comes as student loan debt in the U.S. reaches $1.777 trillion, affecting over 42 million borrowers. Critics argue that the SBA lacks the infrastructure to handle student loans, while supporters claim the shift could lead to more efficient management. The announcement signals a significant restructuring of federal education policy under Trump's administration.
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