Key Points ・President Trump said he wants to move the federal student loan system to the Small Business Administration, but no executive order has been signed. ・Experts say such a move would likely require an act of Congress and could breach existing borrower contracts,

On January 24, the SBA announced updated small business contracting goals for fiscal year 2025, significantly decreasing some goals and

President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.