"Financial aid advisers on college campuses across the United States are sharing in the confusion of student loan borrowers as the Trump administration tries to reshape education," UPI reports.

... "Current and soon-to-be borrowers, financial aid advisers and advocacy organizations are unsure about what comes next."

"'A lot of what we're hearing is what everyone is hearing,' Megan Walter, senior policy analyst with the National Association of Student Financial Aid Administrators, told UPI. 'What is actually happening? Can they actually do this? What does it mean for student loans and Pell grants? These are questions we don't have answers for.'"

... "As for shifting the responsibility of student loans to the Small Business Administration, Walter expects it to be challenging."

"'The SBA is not set up to manage $1.8 to $2 trillion in federal student loans,' Walter said. 'Moving FSA to the Small Business Administration would be such a dramatic restructuring that it would come with a host of logistical and legal implications. It would require not only transferring the administration of aid over but oversight. There's no way it doesn't cause disruptions to students receiving their aid.'"

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: 3/25/2025