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Trump: Small Business Administration will take over student loans

By Haisten Willis
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The Small Business Administration will take over federal student loan programs, President Donald Trump announced Friday.

“We have a portfolio that’s very large, lots of loans. Tens of thousands of loans. Pretty complicated deal,” Trump said in the Oval Office. “That’s coming out of the Department of Education immediately, and it’s going to be headed up by Kelly Loeffler at SBA.”

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Department of Education Donald Trump Small Business Administration Student loans Washington D.C. White House