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Federal Student Aid COO, Richard Cordray, to Discuss the Value and Savings of Education in Upcoming Webinars

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The chief operating officer of Federal Student Aid, Richard Cordray, is making an effort to help students build a brighter future by promoting saving for valuable education. He aims to achieve this by conducting a series of webinars for the Save, Aspirational, Valuable Education (SAVE) plan.

The SAVE plan encourages students to set up personal savings accounts dedicated to education, allowing them to save or invest in their future. It's all about creating a particular space where students can place their money specifically for educational purposes.

The webinars conducted by Mr. Cordray aims to outline the features and benefits of the SAVE plan, with information suitable for both students and their families. They also include details about how setting up an account can assist in planning for higher education. This reiterates the importance of higher education as a valuable investment that promises promising returns in the future.

The SAVE plan webinars are conducted in collaboration with the United States Department of Education, who wholeheartedly supports this initiative. By securing finances for higher education through this savings plan, the Department hopes to reduce the burden of educational loans and promote financial self-sufficiency among students.

Mr. Cordray encourages all prospective students and their families to attend these webinars. The idea is not only to promote the SAVE plan but also to cultivate a culture of saving from an early age. These savings can then significantly contribute to their higher education goals, relieving some of the financial stress associated with university costs.

Federal Student Aid plays an essential role in making education beyond high school more accessible and affordable. Led by the U.S. Department of Education, it provides more than $120 billion in federal grants, loans, and work-study funds each year to more than 13 million students, thereby promoting the value of higher education and the importance of financial planning.

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