Free Republic

On the heels of his announcement that he plans to close the Department of Education, President Donald Trump said Friday that his administration will move the federal student-loan portfolio to the Small Business Administration in an effort to manage the program better. But experts warn that any move — should it withstand legal challenges — would likely create headaches for borrowers. “I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, who is a terrific person, will handle all of the student-loan portfolio,” Trump said Friday. “We have a portfolio that’s very large, lots of loans, tens...

... Student-loan debt and higher education During her short-lived presidential campaign, Harris joined her competitors Bernie Sanders and Elizabeth Warren in releasing a plan aiming to address the $1.5 trillion student-debt problem. The proposal was part of her broader plan to close the black-white gap with regard to jobs in high-paying fields like technology and engineering and entrepreneurship. Under the Harris proposal, borrowers who received a Pell Grant, the money the government provides to low-income students to attend college, will have up to $20,000 of their student debt forgiven if they start a business and operate it for at least...