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Stock impact report

Biden's student loan chief to depart as mass relief plan looms [Yahoo! Finance]

Grand Canyon Education, Inc. (LOPE) 
Last grand canyon education, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gcu.edu
Company Research Source: Yahoo! Finance
Cordray's departure comes as the administration has been scrambling to recover from its troubled rollout of a new student aid system that delayed college financial aid offers for millions of families this spring and drew bipartisan criticism in Congress. He will also be leaving as the Education Department faces pressure over the coming months to deliver on President Joe Biden's aspirations to cancel student debt for tens of millions of Americans before the November election. Cordray, the former head of the Consumer Financial Protection Bureau, has served as head of the department's Office of Federal Student Aid since May 2021 when Education Secretary Miguel Cardona appointed him for a three-year term, which expires next week. “I have written to the Secretary to confirm that I will not be continuing for another three-year term,” Cordray wrote in a message to staff that was obtained by POLITICO. “We have agreed, however, that I will continue to fulfill my current duties for a tra Show less Read more
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