GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

u.s. New York Nyse Trump Opening Bell - 12 Dec 2024

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you could read more about oureditorial guidelinesand our products and servicesreview methodology.

So, if Trump eliminates the Department of Education, do you still have topay your student loans?

facebook sharing button

These initiatives help students afford to attend college and participate in other post-secondary education.

The Education Department also works with state and local governments to implement federal educational laws and initiatives.

The company provides an online search tool that teaches students and parents more about U.S. colleges and universities.

twitter sharing button

Compliance, repayment and protection for student loan recipients need to be carefully mapped out.

That will not be an easy or quick task.

The law requires you to run financial aid programs, Fansmith told NASFAA.

linkedin sharing button

The law requires you to collect student loans.

The law requires you to enforce civil rights at schools and campuses.

The calculation often resulted in lower monthly payment plans compared to others.

email sharing button

Killing the SAVE plan will be part of that.

In addition, it is unknown whether the states have the capacity to take over federal student loan responsibilities.

The short answer is yes, but you will likely pay the loans to adifferent federal agency.

More From GOBankingRates

Share This Article:

The Latest inLoans