Small Business Administration (SBA) will now Is responsible for managing federal student loans long ago 40 million Americansto take this responsibility Department of Education A day after President Donald Trump The executive signed the order disassemble the educational agency.
Announcement also SBA gossip Reducing 43% of the brevity and the reconstruction of the agency to “relieve rapid costs” is reconstructed as part of the Price Agenda of the Trump Administration.
“Very large, many loans, tens of thousands of loans, a very complex contract,” There is a portfolio in President Donald Trump gossip To the journalists at the White House on Friday. “It’s all set for this. They expect it.” But there are critics gossip It can create chaos and confusion for millions of American borrowers.
Currently, the US federal education is already in debt 1.6 trillion dollarsaccording to CNBC.
Like CBS News It was noted, SBA uses less than the whole federal workforce or less than 6,500 people. According to the reconstruction plan, the agency will eliminate about 2,700 jobs, which will save the agency to save more than $ 435 million a year.
SBA said a statement Its reconstruction will not affect credit guarantees and catastrophe assistance programs and basic services included in field and veteran; However, this will provide capital supply, to promote innovation, supporting veteran small business owners and “timely disaster assistance in supporting the President Trump’s economic agenda.”
It is not known how the SBA budget, employees and programs can benefit small enterprises in America.
The Trump’s diary was aimed at being called Trump’s agenda “Wide and expensive expansion of SBA under the Biden administration.” Trump management, since the pandemic of the agency, claims that the Pandemia has increased twice to help small enterprises, including Society Navigator Pilot Program and DEI activities.
“In the last four years, the agency, mission, financial conditions and wastes, financial conditions and waste, financial conditions and waste creepy leviathana,” said SBA administrator Kelly loeffler. “Instead of serving small enterprises, SBA served on a guerrilla political agenda, size, coverage and spending.”
Full list of key features of reset SBA Here you can find.
