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Richard Cordray, responsible for botched FAFSA overhaul, resigns

The Secretary of Education announced Friday that the Biden administration’s director of federal student aid will resign following the disastrous implementation of the revised Free Application for Federal Student Aid (FAFSA) program.

Richard Cordray’s overhaul of the FAFSA form is hit with glitches and delays that will leave millions of students wondering how much money they need to put aside to attend college in the fall I am no longer able to do that.

Cordray will remain in the country’s top student affairs job until June, Education Secretary Miguel Cardona said. stated in a statement.

Richard Cordray will remain in the position until June. H. Dahl Beiser / USA TODAY NETWORK

“We are grateful for Rich Cordray’s three years of service, during which he made more changes to the student aid system than any of his predecessors,” Cardona wrote.

“Mr. Rich will conclude his term at FSA at the end of June and will continue to serve as Chief Operating Officer. Thank you for your dedication to doing so.”

Congress approved the FAFSA Simplification Act of 2019, which aims to streamline financial aid application forms to make it easier for students to determine their eligibility.

Cordray’s office delayed the October 1, 2023 deadline for implementing the new form by three months.

The new online form was also riddled with bugs after it went live, locking students out of applications and providing inaccurate financial calculations.

Delays and significant technical issues have left millions of students worried about their admissions status and prevented families from accessing critical financial aid information in a timely manner.

The Biden administration’s new FAFSA rollout is in trouble. Getty Images
Students are facing delays in receiving information about how much money they need to attend university. AP

Last month, as issues with the FAFSA continued, Cardona contacted the universityencourages them to “reconsider aid application deadlines” to “allow all students time to submit and revise their FAFSA forms.”

Sen. Joni Ernst (R-Iowa) and Rep. Julia Letlow (R-Louisiana) have argued that funds set aside for FAFSA form review will be diverted to President Biden’s student loan forgiveness plan, etc. , called for an investigation into whether it had been misappropriated.

“Whether these funds were used to facilitate efficient review of FAFSA forms or were used for other projects, most notably the $153 billion in student loan forgiveness approved to date. remains unclear,” Ernst and Letlow said in a letter to the office. Earlier this month, the Department of Education’s Inspector General.

The FAFSA is used by approximately 17 million students and more than 5,500 colleges.

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