Richard Cordray to Oversee Student Loans

Richard Cordray is expected to be appointed by Education Secretary Miguel Cardona as the head of the agency’s Office of Federal Student Aid, Politico reports.

“The selection of Cordray, who previously was attorney general of Ohio and ran unsuccessfully to be governor, is a major victory for progressives who have been calling on the Biden administration to take more aggressive action on student loans and for-profit colleges.”