Home / Business / Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

Biden administration taps Warren ally to lead Office of Federal Student Aid, a promising sign for efforts to wipe out student debt

John Minchillo/ AP Richard Cordray, former head of the CFPB, is set to become the head of the Office of Federal Student Aid. Cordray will be tasked with figuring out how to address the $1.6 trillion of student debt owed by at least 42 million Americans. Cordray is a longtime political… Read entire story.

Source: Business Insider

Check Also

Home sales fall from March’s record level, but prices still rocket higher in April

Canada's red-hot housing market showed small signs of cooling down in April, even as the average selling price is up by nearly half from the lows it hit in the early days of the pandemic.