Borrowers can apply for income-driven repayment plans again, but servicers aren’t yet permitted to process these applications ...

President Donald Trump said Friday that the Small Business Administration will absorb the Department of Education’s massive student loan portfolio as he seeks to dismantle the agency and shift ...

The Small Business Association announced Friday it will cut its staff by 43%, raising questions about its ability to take on the Education Department’s $1.6 trillion loan portfolio.

President Donald Trump continued the unwinding of the U.S. Department of Education on Friday, announcing that the management of the entire federal student loan portfolio and of the department’s ...

To move the federal student loan portfolio across agencies will likely require congressional action, as would shuttering the Education Department altogether. Trump has made it clear that he’d ...

Will current borrowers see their loans transferred? It’s too early to say, but experts say to always keep records of payments and balances. If the Education Department does actually close ...

President Trump continued his push to unwind the U.S. Department of Education on Friday, announcing that the management of the entire federal student loan portfolio and of the department's "special ...

Washington – President Donald Trump on Friday began sketching a roadmap for dismantling the Education Department, with other agencies taking over responsibility for federal student loans and ...

The department's main role is financial, and questions remain about the administration's plan for managing federal student loans.The Department of Education manages approximately $1.5 trillion in ...