Sunday, December 8, 2019

The DeVos Family is Heavily Invested in the Student Loan Industry

People on the top of our hierarchies who have much more than their share work hard to make sure it stays that way.

Billionaire Education Secretary Betsy DeVos this week proposed handing over the federal government's $1.5 trillion student loan portfolio to a "stand-alone government corporation," a move observers condemned as a corrupt ploy to strip the next president of the ability to cancel student loan debt.

"This very much appears to be a Betsy DeVos scheme to block the next president from unilaterally forgiving federal student debt, which she is well aware a president could do without Congress," The Intercept's Ryan Grim wrote in a series of tweets late Wednesday. "The DeVos family is heavily invested in the student loan industry and this is just flat-out corruption."

https://www.commondreams.org/news/2019/12/05/flat-out-corruption-devos-accused-scheming-stop-next-president-canceling-student?utm_campaign=shareaholic&utm_medium=referral&utm_source=facebook&fbclid=IwAR3CdkM7gj56n-PvMMWIBmO8MINzrX1gFdL9Kv9aZfCBq-OBTp63y3WSASs