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Trump's Presidency And Student Loans: What Move To Small Business Administration Means For Borrowers

The article discusses the implications of former President Donald Trump's presidency on student loan policies, particularly focusing on his administration's move to shift student loan oversight to the Small Business Administration (SBA). This shift was part of a broader deregulation effort, aiming to reduce the government's role in student lending. Critics argue that this move could potentially weaken consumer protections for student loan borrowers, as the SBA traditionally focuses on supporting small businesses rather than managing consumer financial products like student loans. The article highlights concerns about the potential for increased privatization of student loans, which might lead to higher interest rates and fewer repayment options for borrowers. Additionally, it notes that this policy change reflects Trump's broader economic philosophy of reducing federal oversight in favor of market-driven solutions, which could have long-term effects on how student loans are managed and the protections available to borrowers.

Read the Full Forbes Article at:
[ https://www.msn.com/en-au/money/personalfinance/trump-s-presidency-and-student-loans-what-move-to-small-business-administration-means-for-borrowers/ar-AA1ASjcS ]