Here’s what happens to your student loan if the Department of Education disappears

Moving federal student loans to another agency is the latest proposal in the ongoing effort to dismantle the Department of Education. But where does that leave borrowers?

Continuing its adherence to the tech industry’s motto of “move fast and break things,” the current administration has recently put the U.S. Department of Education (DoE) on the chopping block. This 46-year-old institution (yes, it really is younger than the original Star Wars) oversees federal education policy, ensures equal access to education, and administers the federal student loan program.