In a controversial decision, President Trump announced that the Small Business Administration will take over the Department of Education’s $1.8 trillion student loan portfolio, amidst significant agency cuts. This move raises questions about the future of student aid management as the SBA prepares for an avalanche of defaults when payments resume.
In a bold move, the President has announced sweeping cuts to federal agencies deemed unnecessary. Discover how this order will impact government services and the future of various programs.
The Trump administration has mandated federal agencies to finalize layoff plans by March 13, with some agencies already issuing RIF notices. Up to 700,000 employees could face job cuts as the government seeks to eliminate unnecessary positions.
