The Small Business Administration will lay off 43% of staff, take over student loans from dismantled Department of Education
The SBA announced a dramatic restructuring plan on Friday as part of the Trump administration’s cost-cutting agenda.
The Small Business Administration (SBA) will now be responsible for handling federal student loans for more than 40 million Americans, taking over that responsibility from the Department of Education a day after President Donald Trump signed an executive order to dismantle the education agency.
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