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Biden’s student loan chief to depart as mass relief plan looms

Biden’s student loan chief to depart as mass relief plan looms

POLITICO

Michael Stratford
April 26, 2024
Rich Cordray, the Biden administration’s top student loan official who has been a key ally of progressives pushing for debt relief, will leave the Education Department at the end of June, the agency confirmed on Friday.
Cordray’s departure comes as the administration has been scrambling to recover from its troubled rollout of a new student aid system that delayed college financial aid offers for millions of families this spring and drew bipartisan criticism in Congress.
He will also be leaving as the Education Department faces pressure over the coming months to deliver on President Joe Biden’s aspirations to cancel student debt for tens of millions of Americans before the November election.
“I have written to the Secretary to confirm that I will not be continuing for another three-year term,” Cordray wrote in a message to staff that was obtained by POLITICO. “We have agreed, however, that I will continue to fulfill my current duties for a transitional period as the Department considers the longer term.”
In a statement, Cardona said Cordray would stay on through June and praised his “tireless work and commitment to provide the service that our students, families, and institutions deserve.”
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