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Cardona said the agency welcomes guidance from the Office of the Inspector General and lawmakers, many of whom have pressed the department in recent months over its flawed overhaul of FAFSA, which ...
The head of the Federal Student Aid office, ... He has served as the chief operating officer of FSA in the Department of Education since May 4, 2021, and will stay on through June to help with the ...
The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
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To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of ...
On May 3, 2021, Cordray was appointed the Department of Education's Chief Operating Officer of Federal Student Aid. [132] In this role, he led an agency of 1,400 employees that is the nation's largest provider of student financial aid. [ 133 ]
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