Judge Blocks Trump's Student Loan Transfer Plan
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A federal judge issued a preliminary injunction blocking President Trump's plan to transfer over $1.6 trillion in federal student loans from the Department of Education to the Small Business Administration. The judge ordered the reinstatement of over 1,300 Education Department employees, halting the transfer. The Trump administration, which claimed the SBA was ready to manage the loans, is appealing the decision. The Education Department criticized the ruling as an overreach.
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