Overview

• 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.