In a recent announcement, President Donald Trump said he wanted to "immediately" transfer the country's $1.6 trillion student loan portfolio to the Small Business Administration. Experts ...

Yuri Gripas / Abaca / Bloomberg via Getty Images President Donald Trump said Friday the Small Business Administration ... would handle the country's $1.6 trillion portfolio of student loan debt ...

The Republican president said during a White House event that student loans will be handled by the Small Business Administration, and “it will be serviced much better than it has in the past.” ...

The low-interest, long-term disaster loan program is the largest source of federal disaster recovery funding in the U.S.

President Donald Trump said last week that federal student loans would "immediately" be moved out of the U.S. Department of Education and will be managed by the Small Business Administration.