Richard Cordray to Resign as Head of Federal Student Aid After FAFSA Overhaul Failures

Cordray's departure follows intense scrutiny and widespread issues with the new FAFSA system, impacting millions of students.

Richard Cordray, head of the Federal Student Aid office, will step down at the end of June amid ongoing problems with the FAFSA rollout.
The revamped FAFSA system faced significant delays and technical glitches, causing confusion and uncertainty for students and families.
Cordray's tenure saw achievements like student loan forgiveness for over 4 million borrowers, despite the FAFSA issues.
Investigations have been called for regarding potential misappropriation of funds intended for the FAFSA overhaul.
Cordray's resignation marks a contentious end to his term, which was marred by criticism from both political parties and educational stakeholders.