The Hill: President Trump said Friday he is “immediately” moving the handling of federal student loans to the Small Business Administration (SBA), and shifting programs for students with disabilities to the Department of Health and Human Services (HHS) as his White House seeks to wind down and eventually eliminate the Education Department.
“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, will handle will all of the student loan portfolio,” Trump told reporters in the Oval Office, noting it is a “pretty complicated deal, and that’s coming out of the Department of Education immediately.”
“And also, Bobby Kennedy, with the Health and Human Services Department, will be handling special needs and all the nutrition programs and everything else,” he continued.
“I think that will work out very well. Those two elements will be taken out of the Department of Education,” the president added.
The announcement comes a day after Trump signed an executive order for Education Secretary Linda McMahon to dismantle the Education Department as far as is legally allowed. MORE
How about taxpayer guaranteed loans vanishing completely???
Instead of moving the deck chairs around why doesn’t Trump get Congress to revamp the entire student loan industry. Amend Bush’s 2005 Bankruptcy Reform Act to allow student loans to be discharged in personal bankruptcy, this law prohibits this. Put creditworthiness back into the borrowing equation. Get the federal government out of the student loan business entirely. Make universities pay for giving students useless degrees in African underwater basket weaving.
Aww JPT yer just talking sense now, that won’t do at all…