Following President Trump’s executive order calling for the elimination of the Department of Education and his announcement that the $1.6 trillion federal student loan portfolio will be transferred to the Small Business Administration, higher education institutions are preparing for significant operational changes.
In a follow-up announcement on March 21st from the Oval Office, President Trump stated that the transfer of student loan administration to the Small Business Administration would take place “immediately,” promising that the restructuring would “work out very well” and provide “great education, much better than it is now, at half the cost.”
Cedar Financial works with universities nationwide on financial management strategies and is assisting institutions in preparing for this unprecedented transition to ensure financial operations continue smoothly during this period of significant change.
