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Cordray to take over $1.6bn federal student loan portfolio

Student loan
By Jennifer Kang
05 May 2021

Richard Cordray has been selected to head the federal student aid office, assuming responsibility over the entire portfolio of federal student loans in the US. With his appointment, the $10,000 student debt forgiveness policy will likely come to fruition, unexpectedly benefiting the sector.

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By Jennifer Kang
05 May 2021