Although SBA managed a wealth of Covid relief programs, it normally runs a much smaller operation than student debt.

Trump said student loans will be transferred to the Small Business Administration as part of his plan to eliminate the Department of Education.

President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.