This Washington Post article outlines some of the potential changes a Trump administration might make to higher education regulations instituted during the Obama administration. Overall, many see this as an opportunity for the Republican to change or remove any or all of the regulations from the last eight years.
Specifically, it seems that Trump might make changes to the federal loan programs. The details are far from clear, but candidate Trump indicated that he would reduce the government's role in student lending. However, few think that a return to the previous program of subsidizing private lenders is likely. In addition, Trump also proposed loan repayment caps for borrowers and forgiveness after 15 years on the campaign trail.
It is more likely that the Trump administration will target the Obama-era regulations targeting for-profit universities. Specifically, the debt limits associated with gainful employment and the forgiveness process known as borrower defense to repayment face likely changes.