The Trump administration is taking the first step toward putting its own stamp on income-driven repayment, a suite of affordable repayment plans for student-loan borrowers.  Officials announced Thursday that they would begin the regulatory process to make changes to certain rules under the Department of Education’s purview.

Borrowers' loans will not be affected by the move to the Small Business Administration, but the transition may be rocky.

Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.