Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’
‘Students deserve leadership at this office who will follow the law and make this program work for students,’ Senator Elizabeth Warren told MarketWatch
In The News Piece in MarketWatch
Jan. 28, 2021
Clare McCann was quoted in MarketWatch about management challenges at the Department of Education's Office of Federal Student Aid and how it impacts student borrowers.
At FSA, officials have more flexibility in hiring and compensation including the authority to pay bonuses to some senior leadership. In addition, they’re charged with focusing on a set of strategic goals and outcomes as part of a five-year performance plan required by Congress and set by the Secretary of Education and FSA COO.
The concept behind FSA’s special structure is to give its leaders “the latitude they need to do good work,” said Clare McCann, deputy director for federal higher education policy at New America, a think tank. That latitude also means that the COO is somewhat shielded from political whims.
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