What do Education Department cuts mean for student loans?

(NewsNation) — President Donald Trump's plan to eliminate the Department of Education and leave school policy to the states has raised concerns about the future of federal student loans and how they will be managed.The outstanding federal student loan balance is $1.693 trillion, and 42.7 million student borrowers have federal loan debt, according to the Education Data Initiative. Currently, the Education Department oversees the federal loan system.Last week, Trump told repor