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

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.

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.

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

Trump's education secretary pick, Linda McMahon, has an upcoming confirmation hearing. Sens. Elizabeth Warren and Andy Kim outlined what they'll ask.