4 things to know about possible changes to your student loan debt
The head of the office of Federal Student Aid, Richard Cordray, spoke with lawmakers about loan forgiveness and a resumption of student loan repayments after the pandemic pause.
Student borrowers, take note. In testimony before a House subcommittee, the head of the office of Federal Student Aid told lawmakers that his agency is preparing for federal student loan repayments to resume early next year.
Richard Cordray, FSA's Chief Operating Officer, oversees the federal student loans of roughly 43 million borrowers. In a hearing Wednesday that ran just over three hours, he shared new details about those plans to resume repayment, his agency's handling of the Public Service Loan Forgiveness program, the possibility of broader loan forgiveness — and about whether he would hold executives liable for the collapse of colleges
