‘Borrowers have zero power’: Trump moving student loans to SBA sparks concern, confusion

President Trump moving student loans from the Education Department to the Small Business Administration (SBA) is rattling those affected, who say it is prime evidence that the White House has no real plan for its efforts to dismantle the Department of Education.  

Trump signed an executive order Thursday seeking to wind down the Education Department, and he said student loans would move to the SBA the next day — the same day that agency announced it was cutting 40 percent of its workforce.