The Head of Federal Student Aid, Richard Cordray, Responsible for FAFSA Rollout, to Resign

Richard Cordray, head of Federal Student Aid office, is stepping down due to criticism over botched FAFSA form rollout. Cordray’s departure follows delays and glitches in releasing the new FAFSA form last year, impacting students. Despite improvement in student loan program and debt forgiveness, Cordray’s departure is seen as necessary. The FAFSA overhaul aimed to simplify the form but faced challenges and delays. Cordray’s work at Consumer Financial Protection Bureau and efforts for student loan forgiveness highlight his dedication to improving financial aid systems but also raise concerns about the FAFSA rollout and its impact on students.

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