In a particularly damning article by the New York Times, a case is made how the DeVos Department of Education has brought on former for-profit college executives and limited investigations into bad acts of schools which had deceived and defrauded consumer students.
In fact, the former investigate departments are said to have had communications with outside groups significantly limited.
“Communication with outside groups now required special approval, including with state attorneys general, who had been partners in identifying cases, and federal agencies like the Consumer Financial Protection Bureau, which had been aggressively monitoring a number of for-profit colleges. Without permission, team members could not contact schools or other parties to request documents, an essential part of making a case, which effectively halted investigative work.”
I can be as outraged as I want but it doesn’t matter unless regular citizens speak up to draw attention to the inequities being forced on student loan debtors, the second largest category of debt now behind mortgages.
“Members of a special team at the Education Department that had been investigating widespread abuses by for-profit colleges have been marginalized, reassigned or instructed to focus on other matters, according to current and former employees.
The unwinding of the team has effectively killed investigations into possibly fraudulent activities at several large for-profit colleges where top hires of Betsy DeVos, the education secretary, had previously worked.
Now only three employees work on the team, and their mission has been scaled back to focus on processing student loan forgiveness applications and looking at smaller compliance cases, said the current and former employees, including former members of the team, who spoke on the condition of anonymity because they feared retaliation from the department.”
I invite you to read the full piece here.
Here is why this is a big issue in my eyes. When you load up consumers with large amounts of debt that is difficult to get rid of you create generations of debt slaves. While some schools line their pockets with federal funds paying for inadequate services, consumers are left as collateral damage with massive life-altering debt.
It’s a rigged system today and only getting worse unless a change is coming at some point.
And before you get all huffy about this being a political point of view, debt does not belong to members of only one party.
- So Who is Maximus Education Taking Over Navient Loans as Aidvantage? - October 22, 2021
- Listen to Debt Settlement Sales Call – Why Would You Enroll? - October 22, 2021
- My Mortgage Lender Foreclosed on Our House in Error - October 21, 2021