Monday, January 23, 2017

Education secretary nominee has been profiting off of student loan debt collection

Rss@dailykos.com (laura Clawson) · Saturday, January 21, 2017, 1:19 pm

Betsy DeVos has reached an ethics agreement with the government requiring her to divest from 102 different assets within 90 days of being confirmed as Donald Trump’s education secretary. Here’s the best part:

DeVos listed on her financial paperwork a holding company that invests in Performant Business Services, Inc., which the Education Department hires to collect defaulted federal student loans.

The probable future education secretary has been profiting from debt collection on student loans. What a commitment to affordable higher education and helping students avoid the burden of high debt!

DeVos will also divest from a series of companies intended to profit off of education, from software to textbooks to campus parking.

Source
http://feeds.dailykos.com/~r/dailykos/index/~3/rZ5xhsWzN_Y/-Education-secretary-nominee-has-been-profiting-off-of-student-loan-debt-collection

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