Betsy DeVos Withdrew the Obama Administration's Student Loan Reforms
Education Secretary Betsy DeVos has decided to go against the Obama administration's Department of Education’s plan to help reform student debt collection. Last year, the Department of Education sent two memorandums to the department’s Federal Student Aid office, which proposed new guidelines for debt collection companies that would provide more personalized plans and a larger range of services in order to prevent more student loan defaults. On April 11th, Devos sent a memorandum asking the department to withdraw these two memorandums, effectively relieving restrictions from the student loan industry.
“We have a president who headed a college who’s been sued and who has been accused of some of the worst abuses of taking advantages of students,” said Reville. “This is sort of a fox in charge of the hen house phenomenon.”