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Elizabeth Warren Launches ‘DeVos Watch’ in Bid to Make Education ‘Corruption-Free.’ Resistance to Devos’s agenda has “spread like wildfire,” Warren notes.
Betsy DeVos recently completed her 100th day as Secretary of Education, and the resistance to her agenda has spread across this country like wildfire.
Last week, Secretary DeVos and President Trump’s Department of Education released a budget that would upend the student aid program and make it much harder for students to afford college and repay their student loans. At the same time, the head of the federal student aid office abruptly resigned amid reports of political meddling by DeVos.
With the educational and financial futures of millions of people hanging in the balance, here’s a place to start scrutinizing Secretary DeVos.
Early in the Obama administration, Congress gave full ownership of the federal student loan portfolio to the Department of Education, removing middlemen from the program and cutting out the profits that private banks skimmed off the system. This was a brave move that required standing up to some very powerful banks and private businesses that wanted to keep on skimming.
But now, years after the transition, the Department of Education often seems to ignore the original intent of this change and instead administers the trillion-dollar loan program for the financial benefit of nearly everyone except the students it is supposed to serve. [read entire text of Senator Warren’s appeal].
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