Richard Cordray’s departure from the Federal Student Aid office comes amid the rocky rollout of the new FAFSA and a shaky return to student loan repayment.
Richard Cordray, who has led the Federal Student Aid office since 2021, is stepping down at the end of June, Education Secretary Miguel Cardona said Friday.
“As my three-year term as FSA Chief is ending, we have achieved key milestones for FSA,” Cordray said in a statement. “Over my tenure, we provided student loan forgiveness to more than 4,000,000 borrowers and their families; made it easier for people to apply for and manage federal student aid; and took strong actions to hold schools accountable for defrauding students. I have agreed to stay on for an interim period to help with the transition.
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