"Richard Cordray, the chief operating officer of the Office of Federal Student Aid and top student loan official in the Biden administration, is stepping down," Inside Higher Ed reports.

..."In hearings on the Hill earlier this month, Cordray emerged as the primary target of congressional Republicans’ ire over the bungled launch. Student aid advocates who testified at those hearings did not shy away from casting blame, either.

'If there was a financial aid director or college president who delayed financial aid for six months on their campus, the professional price that would be paid would be pretty steep,' Justin Draeger, president of the National Association of Student Financial Aid Administrators, told lawmakers.

NASFAA declined to comment on Cordray’s departure as did Virginia representative Bobby Scott, the top Democrat on the House Education and Workforce Committee. Foxx, Scott’s Republican counterpart on the committee, was more eager to weigh in."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 4/28/2024