Republicans are looking to cut or eliminate nearly a dozen student loan and federal aid programs administered by the Department of Education. Here are the details.

The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion portfolio of student loans.

If you've already received forgiveness, you're likely in the clear. But current borrowers may be running out of time.

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, but eliminating the department would have major repercussions for college students.

These developments may sound the alarm for student loan borrowers. But for now, there’s no need to make dramatic changes to your student loans. “We have to engage in the process that currently

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.