Theresa S. Shaw, the Education Department's chief operating officer in charge of federal student aid, is stepping down, effective June 1, the department announced on Tuesday.
Ms. Shaw has spent five years at the department, after a 20-year career at Sallie Mae, the nation's largest student lender, and a few years at a start-up technology company.
The announcement of Ms. Shaw's resignation comes two days before Education Secretary Margaret Spellings is scheduled to testify before Congress concerning recent entanglements and conflicts of interest in the $70-billion-a-year program that provides federally guaranteed loans to college students and their parents.
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