"The Education Department announced Monday that Richard Cordray will serve as the next chief operating officer of the Office of Federal Student Aid," Inside Higher Ed reports. 

..."'Cordray will bring 'political and practical experience unlike any previous FSA chief operating officer,' said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, adding that Cordray will need those skills to address the challenges facing student borrowers.

'If ever we needed a sign that Federal Student Aid is a different organization than it was when it was created 20 years ago, the appointment of Richard Cordray is it,' Draeger said."

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: 5/4/2021