Trump administration plans to dismantle parts of Education Department. What it means for student loans

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The Trump administration has announced plans to dismantle portions of the Department of Education.
A series of new agreements shared Tuesday will shift major K-12 and higher education grant programs to federal government agencies like the Department of Labor, Health and Human Services, the Department of the Interior and the State Department.
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The Department of Education will continue to oversee federal student loans and college accreditation, while also managing the country’s $1.6 trillion student loan portfolio and gathering data on school performance in the U.S.
Federal agencies to manage some Department of Education duties
Dig deeper:
This agreement calls for the Department of Labor to manage the work of the Office of Postsecondary Education and the duties of the Office of Elementary and Secondary Education, which includes handling Title I, a federal funding stream that helps schools support low-income students, would do much of the work of the Office of Postsecondary Education.
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The Department of State will handle international education and foreign language studies programming, while the Department of the Interior would be responsible for the work of the Education Department’s Office of Indian Education.
And the Department of Health and Human Services will oversee the Responsibility for the Child Care Access Means Parents in School (CCAMPIS) program, which provides childcare on college campuses to low-income student-parents, NPR reported.
What they’re saying: