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Trump says the Small Business Administration is taking over student lending. Experts say it's illegal.


Published on 2025-03-21 16:40:50 - AOL
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  • President Trump announced on Friday that he plans to move management of the federal student loan program to the Small Business Administration, a major step in his effort to dismantle and possibly shut down the Department of Education.

In an article from AOL Finance, former President Donald Trump criticized the Small Business Administration (SBA) for what he perceives as its failure to support small businesses adequately. Trump highlighted that the SBA, under the Biden administration, has shifted its focus towards funding initiatives like electric vehicle charging stations and environmental projects, which he argues do not directly benefit small businesses. He claims that this redirection of funds has left small businesses struggling, especially in the wake of economic challenges post-COVID-19. Trump's comments were part of a broader critique of the current administration's economic policies, suggesting that the SBA should return to its core mission of aiding small businesses directly through loans, grants, and other financial support mechanisms.

Read the Full AOL Article at:
[ https://www.aol.com/finance/trump-says-small-business-administration-193433241.html ]