To be clear: 517,000 jobs added in January is GREAT NEWS for America. GREAT news for families. GREAT news for equity. GREAT news about the power of our economy to drive this country forward. So let’s not turn it into bad news somehow.
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Rich Cordray
@RichCordray
Chief of Federal Student Aid. Father of twins, husband, former director. Author of WATCHDOG. Former Ohio Attorney General and CFPB Director.
Rich Cordray’s Tweets
So on inflation, would that make me a hawk or a dove? Maybe just put me down as somebody who is able to count.
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And the PCE came in today at a mild 2.2% annualized over the past six months, reinforcing the sizable decline in inflation almost to desired levels. Even without any further rate increases.
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Here’s a # that merits attention: over the past 6 months, headline inflation has advanced at an annualized rate of only 1.8%. It seems the W.I.N. (Whip Inflation Now) is already here and we don’t need to overkill the economy by pushing on into a recession. Just let it play out!
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Republican officials are throwing up roadblocks in order to prevent middle-class families from getting the student debt relief they need.
We are taking our case to the Supreme Court. Today, they announced that they'll hear it in February.
We will keep fighting. twitter.com/NPR/status/159
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Today, announced the student loan payment pause has been extended until we are permitted to implement the debt relief program, or the litigation is resolved. twitter.com/usedgov/status
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Your FSA ID from Federal Student Aid is your magic safety key to get you access to President Biden’s student loan relief, coming next month. If you owe Federal student loan debt and don’t have an FSA ID, sign up now to get one at studentaid.gov.
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Under the limited Public Service Loan Forgiveness (PSLF) waiver, you could receive credit for payments that previously didn’t qualify for PSLF! The waiver ends on Oct. 31, 2022, so apply TODAY and tag someone who could benefit. #PSLFWorks studentaid.gov/announcements-
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A great day for many Americans who have been stuck in student loan debt, sometimes for years, some who were cheated out of the education they were promised, not sure they would ever get any help. President Biden has delivered meaningful relief. Hip hip Hooray!
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Americans to get $10,000 in student debt cancelled if they earn $125,000 or less, US President Joe Biden announces
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Today, announced it will deliver nearly $3.9 billion in relief to 208,000 federal student loans borrowers who attend ITT Technical Institute from Jan. 1, 2005, until its closure in September 2016. Read more: ed.gov/news/press-rel
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Federal student loan borrower advocates: Help us urge borrowers to visit StudentAid.gov/pslfwaiver to see what steps they may need to take before the waiver ends on Oct. 31, 2022.
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Student loan borrower advocates: Federal student loan borrowers may be able to receive credit for past payments that didn’t previously qualify for #PSLF. The opportunity ends Oct. 31, 2022. Please share this important info with your network. StudentAid.gov/pslfwaiver
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I’m excited to serve as a keynote speaker at the #HEFWA22 Summit. I look forward to sharing the tools and resources Federal Student Aid offers to empower students to build financial wellness during their #highereducation journey.
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Thank you Financial Literacy & Education Commission for the opportunity to remind the public that the limited #PSLF waiver ends Oct. 31, 2022. Let’s encourage all federal student loan borrowers to visit StudentAid.gov/pslfwaiver to learn more.
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The PSLF Employer Search is useful for borrowers who have federal student loans other than Direct Loans & need to consolidate them into the Direct Loan Program by Oct. 31, 2022, to qualify for the limited #PSLF waiver. Urge borrowers to visit StudentAid.gov/pslf/employer- today.
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The Federal Pell Grant has helped more than 80 million students attend college and career school. Let’s remind students that submitting the FAFSA® form at fafsa.gov is the first step to unlocking financial aid, including Pell Grants. #PellTurns50
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Student loan borrower advocates: Do you know borrowers who are pursuing Temporary Expanded Public Service Loan Forgiveness (TEPSLF)? Please share this important info about the limited Public Service Loan Forgiveness (PSLF) waiver with your network. StudentAid.gov/pslfwaiver
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Federal Student Aid applauds the extraordinary work America’s teachers do to educate and inspire students. Thank you for all you do, and happy #TeacherAppreciationDay.
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Working together with , Federal Student Aid has provided much-needed relief for 350,000 borrowers with approximately $7 billion in student loans. #government
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Today, we warned schools about using deceptive recruitment and enrollment practices. We heard from U.S. armed forces service members, veterans, and military-connected students that some schools have misrepresented costs, incl. causing students to get loans they didn’t need. 1/3
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In recent months, thousands of customers have received borrower defense (BD) loan discharges, and Federal Student Aid continues to work hard to deliver the relief borrowers deserve. (1/2)
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Today, Federal Student Aid (FSA) posted a Request for Information about our upcoming loan servicing procurement. This posting is a key step to move from the expiring loan servicing contracts to a model that meets specific goals for borrowers. 1/5
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Please continue to be patient, log in to FedLoan’s borrower portal to check your progress, and try not to flood our phone lines so we can focus on doing this work for you.
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Student loan borrower advocates: Borrowers with FFEL loans may benefit from the limited PSLF waiver by taking these steps on StudentAid.gov. Thanks for sharing this important information with your networks!
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Higher ed community: Let’s spread the word! Important news about #studentloans announced today: StudentAid.gov/coronavirus
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“Our commitment is to stand up for all students and ensure their institutions are held to the standards our students and communities expect and deserve.” ed.gov/news/press-rel (2/2)
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“Florida Coastal School of Law operated recklessly and irresponsibly, putting its students at financial risk rather than providing the opportunities they were seeking.” (1/2)
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For too many students, affordable quality education remains far out of reach. I’m honored to serve as Chief Operating Officer of Federal Student Aid at and excited to get to work creating more pathways for students to graduate and get ahead.
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Here’s a link to an interview I did with the leading consumer advocate, Ralph Nader, on the issues surrounding my book Watchdog and the impending resurrection of the CFPB under new leadership with the Biden administration.
ralphnaderradiohour.com/protecting-you
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Ohio Legal Help is doing great innovative work for Ohioans who do not have everyday access to legal services. Here’s their latest blog discussing with me the latest Consumer Trends:
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On Saturday Jan 30 at 11:00am, the Princeton Public Library presents a virtual event on my book Watchdog about protecting consumers in America. My great forerunner, the iconic Ralph Nader, also will present.
interland3.donorperfect.net/weblink/WebLin
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The new Cal. Dep’t of Financial Protection and Innovation is now on the job as of today! Many of us fought to secure its passage. If you’ve been cheated or mistreated in the financial marketplace in California, reach out to them at dfpi.ca.gov.
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Now Senators are dithering over whether to approve up to $2000 in COVID payments. While they dither, keep in mind that the Trump tax cuts for the wealthy - worth way more than $2000 in most cases - are a gift they keep getting EVERY SINGLE YEAR.
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Mike DeWine got it right today: “Joe Biden is the President-Elect.” Way to go Mike! A voice of sanity.
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So President Trump is now blocking the transition, which means President-Elect Biden cannot access intelligence briefings. Reports also say that Trump hasn’t had a briefing since September. So is there simply no intelligence currently being conveyed within the U.S. government?
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What a happy day this has been. But now comes the sad news that Alex Trebek, the Canadian who came to feel like a friend to so many of us here in America, has passed away. His uncommon poise and courage in face of the rotten deal that is cancer was a steady example for us all.
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