The Trump administration is taking the first step toward putting its own stamp on income-driven repayment, a suite of affordable repayment plans for student-loan borrowers.  Officials announced Thursday that they would begin the regulatory process to make changes to certain rules under the Department of Education’s purview.

The Department of Education took a key step to initiate a process that could result in major changes to federal student loan forgiveness and repayment programs.

This move to gather feedback may be in response to President Donald Trump's March 7 executive order to limit eligibility for the Public Service Loan Forgiveness program, a debt relief plan that wipes out student loan balances for eligible teachers, nurses and other public servants after 10 years of on-time payments.