"Rich Cordray will step down as the chief operating officer of the U.S. Department of Education’s Federal Student Aid office at the end of June, according to a Friday announcement from the agency," Higher Ed Dive reports.

"During the hearing, Rep. Glenn Grothman, a Republican from Wisconsin, asked one of the financial aid experts called to testify if anyone at the Education Department should lose their jobs over the rollout. 

'If there was a financial aid director or even a college president that delayed financial aid on their campus for up to six months, the professional price that would be paid for that would be pretty steep,' replied Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators."

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: 4/26/2024