SBA

The deadline to apply for SBA low-interest loans is also Monday.

In addition to the SBA's take over of student loans, Trump said the Health and Human Services Department will start handling some services for students - another function previously performed by the education department.

“A majority of my constituents that responded to a survey question indicated that their top federal priority was raising the SBA home disaster loan limit as Los Angeles rebuilds.”

The SBA, which offers emergency loans to businesses, homeowners, renters and nonprofits, is among the few relief options for those who don’t have insurance or are underinsured.

The SBA did not respond to multiple requests for comment.