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Fortune
Fortune
Alicia Adamczyk

Trump wants to abolish the Department of Education: What that could mean for student loan borrowers

(Credit: J. David Ake / Getty)

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.

While actually shuttering the department would require an act of Congress, the president's promises and recent actions in office—including signing a flurry of legally dubious Executive Orders—have left borrowers confused and worried.

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