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.

KEY TAKEAWAYS As part of President Donald Trump’s order to close the Department of Education, he said student loans will be transferred to the Small Business Administration.Eliminating the DEO or shifting its responsibilities would require an act from Congress.