"Federal student loans will be overseen by the Small Business Administration, President Trump said on Friday. That would mean transferring a $1.7-trillion portfolio," The Chronicle of Higher Education reports. 

..."Congress might have to approve the move. 'The Higher Education Act specifically states that the Department of Education must administer Title IV student aid programs,' Beth Maglione, interim president and chief executive of the National Association of Student Financial Aid Administrators, said in a statement. 'In the absence of any comprehensive plan, a serious concern remains: how will this restructuring be executed without disruption to students and institutions?'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 3/24/2025