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

The administration, which wants to close the Education Department, hasn’t said how it would move the $1.7 trillion portfolio to a new agency. Democrats say doing so would be a “clear violation” of the law.

President Donald Trump says he wants to “immediately” transfer federal student loans to the Small Business Administration. Here’s what borrowers need to know.