betsy devos

Former Lobbyist, Son Of Student Loan Debt-Collector, Resigns From Dept. Of Education

Former Lobbyist, Son Of Student Loan Debt-Collector, Resigns From Dept. Of Education

In our recent story on the Trump administration’s decision to roll back protections for potentially millions of student loan borrowers, we also told you about new Department of Education advisor Taylor Hansen, a former lobbyist for the for-profit college industry whose father is the CEO of a student loan debt collection company that has been suing Taylor’s new employer since 2015 for the right to charge thousands of dollars in fees to people who are already having trouble paying back their loans. Now comes news that Hansen’s brief life as a federal employee has come to an end. [More]

bluwmongoose

Trump Administration Eases Restriction On Student Loan Debt Collectors

The Department of Education has told federal student loan debt collectors that they are to ignore previous guidance that restricted the fees they could charge to borrowers who defaulted on their loans — even if they immediately enter into repayment programs. [More]

frankieleon

Cosmetology Schools Don’t Want To Be Held Accountable For Students’ Success

The Gainful Employment Rule, which requires that for-profit educators demonstrate that their graduates can pay their bills, has thus far weathered industry’s attempts to gut the rule. Now we’ll see if new Education Secretary Betsy DeVos will defend this rule against a legal challenge brought by a beauty school trade group. [More]

Trump Education Secretary Nominee Is Indirectly Invested In Student Loan Company

Trump Education Secretary Nominee Is Indirectly Invested In Student Loan Company

It’s generally unwise for someone who works in government to have a personal investment in companies that could be affected by policies that he or she oversees, and that turns out to be the case for Betsy DeVos, President-Elect Trump’s nominee for Secretary of Education. Her investment in a company that refinances student loans is relatively small and indirect, but it exists, and is a potential conflict of interest. [More]