As Biden Taps Elizabeth Warren Ally to Oversee Student Loans, Debate over Canceling Debt Looms Large

Elizabeth Warren

The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program.

On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students.

In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.”

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