“This can only result in borrowers experiencing erratic and inconsistent management of their federal student loans,” Jessica Thompson, senior vice president of the Institute of College Access and Success, told The Associated Press. “Errors will prove costly to borrowers and ultimately, to taxpayers.”

As the president continues his push to close the Department of Education, many are wondering what comes next for financial aid and student loans.

President Trump said Friday that he was tasking other government entities with core functions of the Education Department as he works to dismantle an agency conservatives have long criticized.