Richard Cordray Steps Down from Role Managing $1.6 Trillion in Federal Student Loans

Friday, 26 April 2024, 17:44

Richard Cordray, former CFPB director, has announced his resignation as head of the Office of Federal Student Aid effective this June. Cordray's departure marks a significant shift in leadership overseeing a substantial $1.6 trillion portfolio of federal student loans.

https://store.livarava.com/47e2f5bf-03f5-11ef-a6c0-63e1980711b2.jpg — Richard Cordray Steps Down from Role Managing $1.6 Trillion in Federal Student Loans

Richard Cordray Resigns from Managing $1.6 Trillion in Federal Student Loans

The former CFPB director, Richard Cordray, will conclude his term as the head of the Office of Federal Student Aid in June. This pivotal move carries substantial implications for the oversight of a vast federal student loan portfolio valued at $1.6 trillion.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.