Education Secretary Betsy DeVos announced Tuesday that she will appoint A. Wayne Johnson, a financial services executive, to oversee the government's $1.4 trillion student loan portfolio as the next chief of federal student aid.
James Runcie, the previous chief operating officer of FSA, resigned abruptly in May after refusing an order to give congressional testimony. Runcie had also said in emails leaked to the press that he disagreed with the direction of the department under DeVos.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2017/06/21/new-head-federal-student-aid-announced