Administration officials said that he and Ms. Warren maintain a close relationship, raising questions about how closely their views align on the question of canceling student debt. Ms. Warren has argued that it is a crushing burden for young people, and that relieving it would reduce economic inequality. Some critics say that a large percentage of that debt is held by people who spent the money to get an elite education and advanced degrees that pay off very well. Ms. Baum nonetheless welcomed Mr. Cordray’s appointment, saying she expected him to approach the problem by changing the way the system treats people and preventing them from being exploited. A spokeswoman for the Education Department, Rachel Thomas, said the agency was working with the Justice Department and the White House to review options on the issue.
Source: New York Times May 03, 2021 19:23 UTC