Could borrowers see their debts wiped out if the DOE ceases to exist, or would they simply find themselves under new management?

In a pivotal congressional hearing, Linda McMahon, President Trump's nominee for the Department of Education, outlined her plans for student loan programs, emphasizing the continuation and potential expansion of key initiatives like the Public Service Loan Forgiveness and Pell Grants.

Efforts by the Trump administration to dismantle the Education Department are underway. Here's what it could mean for students.

President Donald Trump has reportedly set his sights on eliminating the U.S. Department of Education, a long-time Republican goal and promise from his campaign. The proposed plan, though, gives rise to a host of unanswered questions—not least of which is what happens to the 42-plus million Americans with federal student loan debt.

The Trump administration has promised to eliminate the Department of Education, shifting more responsibility back to the states. States already have significant control over education — particularly when it comes to setting standards and deciding on curriculum,

President Trump could order the U.S. Department of Education to shut down. Jill Schlesinger has tips for student loan borrowers if that happens.