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S President Donald Trump announced on Friday (March 21) that the Education Department (DOE) would start reducing operations, its major responsibilities will be re -assigned to the Small Business Administration (SBA) and the Department of Health and Human Services (HHS).
Student loan transferred to small business administration
Trump revealed that the $ 1.6 trillion student of the SBA Education Department under the leadership of Kelly Lofler would handle the loan portfolio.
Trump told reporters at the Oval Office, “I have decided that SBA, Kelly Lofler, small business administration led by a terrible person will handle all student loan portfolio.”
The transition will “immediately”, he said, “They are all ready for it, they are waiting for it. It will be much better than the past.”
According to the education data initiative, in 2024, the United States had $ 1.777 trillion in the student loan loan, outstanding by 42.7 million borrowers.
HHS to oversee special requirements and nutrition programs
Trump also said that Robert F. HHS, led by Kennedy Junior, will handle some education-related responsibilities including students of special requirements and funds for school nutrition programs.
“Will be in charge of HHS [funding for] Special needs [students] And all nutrition programs and everything else, ”the President said.
White House goes to diogery dow
On Thursday (March 20), Trump ordered his administration to abolish the education department with the aim of fulfilling a major campaign promise. However, the White House admitted that the agency would need the approval of the Congress to completely dissolve.
Education Secretary Linda McMahon is directed to take all necessary legal measures to close the department, less than ending it completely.
“After 45 years, the United States spends more money on far away education than any other country, and spends, similarly, more than the pupil per pupil than any country, and it is not close, but still we rank near the bottom of the list in terms of success,” Tram said on Thursday.
The President said that several responsibilities of the department would be returned “back to the states”.
SBA announced major workforce cuts
Shortly before Trump’s announcement, the SBA revealed in a news release that it would cut its workforce by 43%, ending about 2,700 posts from its 6,500-employee workforce.
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