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

The president’s long-awaited order to dismantle the Education Department stopped short of eliminating the agency, but it nevertheless reduces its role.

For decades, the Republican Party has sought to shutter the U.S. Department of Education, arguing that education policy should be left to the states. Now, President Donald Trump has signed an executive order calling on his education secretary to begin doing so — but fully closing the agency would require an act of Congress.