President Trump has signed an executive order and said he will begin eliminating the Department of Education. Here's what it means for student loan borrowers.

President Trump's order to close the Department of Education included the move of student loans to the Small Business Administration. Trump has said the change will mean "much better" service, but advocates and experts say the shift would add to the confusion of already overwhelmed borrowers.

“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.”