Regarding the plan, FSA recognized you to definitely the part regarding student loan surroundings enjoys altered substantially typically, progressing from “a lender of past-resorts and you can an effective guarantor of college loans so you can personal lenders” to a single of your own country’s largest banking companies, which FSA indexed it was not made to be
Beth Akers, a citizen scholar during the Western Business Institute (AEI), decided one to have FSA as from the its ideal, it should be effortlessly applying policy.
“There can be a whole lot heavy lifting to-do to really make the federal student support program work effectively which will be ample to have you to definitely workplace to be focusing on,” she told you.
Just like the brand new direct away from FSA will most likely not go on rules talks, whoever lands on the character are certain to get the duty of charting the category away from FSA for many years and you will improving abreast of present software, like the far maligned Public service Financing Forgiveness (PSLF) program
From inside the declaring Brown’s departure, Cardona outlined a collection of concerns to have FSA, saying it might “renew their work on streamlining access to and you will handling of government school funding, easing the responsibility regarding college student loans and cautiously stewarding taxpayer cash.”