The Trump administration’s rehoming of the federal student loan program is putting student borrowers at a higher risk of defaulting on their loans and may not save the government the money that it is claiming it will, experts say.
After the president vowed to dismantle the education department and make student loans a part of the Small Business Administration, student financial aid groups suggest that borrowers could find themselves in hot water because the SBA does not have experience with such loans and is on track to lose almost half its staff.
