Meet the Man Now at the Center of the Debate Over Student Debt
Richard Cordray, the consumer financial protection chief under President Barack Obama, will now head the federal student aid office in the Education Department.
Richard Cordray in 2018. He said on Monday that he wanted to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.”Credit.Maddie McGarvey for The New York Times
May 3, 2021Updated 7:06 p.m. ET
Richard Cordray, a close ally of Senator Elizabeth Warren who served as the first director of the federal Consumer Financial Protection Bureau during the Obama years, has been selected as the new head of federal student aid in the Biden administration, a post that will put him at the center of the swirling debate over forgiving student debt.
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