President Donald Trump announced on Friday that he will immediately move federally backed student to loans to the Small Business Association while special needs programs are to be transferred under the Department of Health and Human Services amid the downsizing of the Department of Education.

“I’ve decided that the SBA, the Small Business Administration, headed by Kelly Loeffler, will handle will all of the student loan portfolio,” Trump told reporters in the Oval Office, adding that it is a “pretty complicated deal, and that’s coming out of the Department of Education immediately.”

Student loans are one of the primary programs the Education Department handles.  

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