You're likely in the clear if your student loan debt is already wiped out, but current borrowers may soon be out of luck.

The U.S. Department of Education is experiencing major turmoil as the Trump administration takes steps to undermine and eliminate it.

The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion portfolio of student loans.

The Trump administration has promised to eliminate the Department of Education, shifting more responsibility back to the states. States already have significant control over education — particularly when it comes to setting standards and deciding on curriculum, but eliminating the department would have major repercussions for college students.

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.

The Trump administration's approach to the Department of Education may have significant implications for student loan borrowers. With potential reductions in the department's scope, millions of borrowers could be affected,