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

Trump said "special needs" education and nutrition programs will be handled by HHS and the Small Business Administration will handle student loans.

President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.