Bankruptcy, Foreclosure & Collection Law

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SBA-Managed Student Loans: Exploring the Legal Implications

Credits Available
Credit Status Total
Alaska CLE Reciprocity 1 Total
Alabama CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Upon Request 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Approved 1 Total
Kentucky CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Mississippi CLE Approved 1 Total
Montana CLE Approved 1 Total
North Carolina CLE Approved 1 Total
North Dakota CLE Approved 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Ohio CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Approved 1 Total
Pennsylvania CLE Approved 1 Total
South Carolina CLE Approved 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Utah CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
OnDemand
59 minutes
Les Jacobowitz
Brianne Megahan
With Les Jacobowitz from ArentFox Schiff LLP + 1 other
Recorded June 03, 2025
Product ID 100768

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Overview

From DOE to SBA: Anticipate the Complexities and Opportunities of Transferring Student Loan Servicing

The new administration's plan to transition federal student loan management from the Department of Education (DOE) to the SBA presents significant legal and operational considerations for attorneys, financial institutions, and borrowers. This timely program weighs the benefits, drawbacks, and challenges that would arise over such a monumental shift. Get up to speed on what could be one of the most significant changes in federal student loan management in recent history. Register today!

  • Understand the legislative framework required for the SBA to manage student loans.
  • Gain insights into the challenges of shifting from managing fewer, larger loans to a high volume of smaller student loans.
  • Learn how the SBA's extensive experience with loan processing could streamline student loan servicing.

Abbreviated Agenda

  1. Congressional Authorization and Statutory Requirements
    1. DOE Dissolution Requires Congressional Approval
    2. Legislative Amendments Needed for SBA Student Loan Management
  2. Operational and Logistical Challenges
    1. SBA's Loan Volume vs. Student Loan Scale
    2. Potential Gaps in Loan Servicing and Repayment Management
  3. Potential Benefits
    1. SBA's Experience Could Streamline Student Loan Processing
    2. Consolidated Services for Entrepreneurs Who Are Student Loan Borrowers
  4. Potential Drawbacks
    1. Risk of Borrower Confusion
    2. Workforce Reduction May Impact Service Quality and Loan Oversight
    3. Alternative: Banks as Originators and Servicers
  5. Additional Challenges: Loan Forgiveness and Transparency Rules

Related Topics

Product ID 100768

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 1 Total
Alabama CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Upon Request 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Approved 1 Total
Kentucky CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Mississippi CLE Approved 1 Total
Montana CLE Approved 1 Total
North Carolina CLE Approved 1 Total
North Dakota CLE Approved 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Ohio CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Approved 1 Total
Pennsylvania CLE Approved 1 Total
South Carolina CLE Approved 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Utah CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. SBA-Managed Student Loans: Exploring the Legal Implications

    1. Congressional Authorization and Statutory Requirements
      1. DOE Dissolution Requires Congressional Approval
      2. Legislative Amendments Needed for SBA Student Loan Management
    2. Operational and Logistical Challenges
      1. SBA's Loan Volume vs. Student Loan Scale
      2. Potential Gaps in Loan Servicing and Repayment Management
    3. Potential Benefits
      1. SBA's Experience Could Streamline Student Loan Processing
      2. Consolidated Services for Entrepreneurs Who Are Student Loan Borrowers
    4. Potential Drawbacks
      1. Risk of Borrower Confusion
      2. Workforce Reduction May Impact Service Quality and Loan Oversight
      3. Alternative: Banks as Originators and Servicers
    5. Additional Challenges: Loan Forgiveness and Transparency Rules

Who Should Attend

This program is designed for attorneys. Policymakers, government officials, higher education administrators, financial services professionals, student loan servicers, and paralegals may also benefit.

Speakers

Les Jacobowitz
Les
Jacobowitz
ArentFox Schiff LLP
Brianne E Megahan
Brianne E.
Megahan
ArentFox Schiff LLP
Speaker bio
Les Jacobowitz

Les Jacobowitz

ArentFox Schiff LLP
Les Jacobowitz

is a partner with ArentFox Schiff in New York. He has over 30 years of experience representing corporations (including not-for-profits), governmental issuers, underwriters, and financial institutions in domestic and international transactions. Mr. Jacobowitz has provided counsel on deals involving $25 billion or more, as well as restructurings and workouts of an additional $50 billion. He has worked with governmental entities, private companies, banks, investment banks and funds in all aspects of financing, including the lending, securitization, real estate, public finance, not-for-profit, health care, restructuring, energy & environment and infrastructure & privatization financing areas, and related litigation. He represents clients in diverse transactions involving commercial and economic development, nursing homes, hospitals, assisted living facilities, university and student loans, and multifamily and single-family housing. Mr. Jacobowitz is also a prolific speaker and author on the threat and impact of the LIBOR transition and has successfully worked with clients to negotiate fair terms regarding the LIBOR transition so as to ensure economic equivalence in the transition. In November 2011, he was named in the annual rankings of The Financial Times for his standout innovative work with Fannie Mae, Freddie Mac, Federal Housing Finance Agency and the US Department of the Treasury in connection with their $24 billion programs to stabilize the housing finance market. Les worked on an international toll bridge facility that was selected by the Institutional Investor as one of its deals of the year. More recently, Mr. Jacobowitz received the Marc L. Fleischaker Pro Bono Award for his work helping the Center for New York City Neighborhoods launch its New York State Mortgage Assistance Program (MAP) with the Office of the New York State Attorney General. He is also recognized by Best Lawyers for his work in public finance law and he is considered a recommended lawyer by Legal 500 US. Les earned his J.D. degree at University of California, Los Angeles, School of Law.

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Speaker bio
Brianne E Megahan

Brianne E. Megahan

ArentFox Schiff LLP
Brianne Megahan

is an attorney with ArentFox Schiff in New York where she practices complex litigation and insurance law. She earned her J.D. degree at University of North Carolina School of Law, where she was an articles editor for the First Amendment Law Review. She also served as the special projects coordinator for the school's Pro Bono Program, organizing and overseeing housing and post-conviction pro bono work. While in law school, Ms. Megahan interned at the Wake County Office of the Public Defender, where she worked on both felony and misdemeanor matters.

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