SBA to cut about 2,700 jobs while Trump announces it will take over handling of student loans

The Small Business Administration said it will cut its workforce by 43 percent, or about 2,700 jobs, as part of a reorganization. Separately on Friday, Trump announced student loans would be handled by the SBA as part of a plan to shift Education Department responsibilities to other federal agencies.

Mar 21, 2025 - 22:30
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SBA to cut about 2,700 jobs while Trump announces it will take over handling of student loans
The Small Business Administration said it will cut its workforce by 43 percent, or about 2,700 jobs, as part of a reorganization. Separately on Friday, Trump announced student loans would be handled by the SBA as part of a plan to shift Education Department responsibilities to other federal agencies.

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