DeVos Again Protects For-Profit Colleges and Federal Loan Servicing Contractor at Expense of Vulnerable Students

janresseger

Betsy DeVos once announced: “Government really sucks.”  She doesn’t like government regulation, and she prefers to free up the marketplace.  One of the best places to observe her penchant for deregulation is in higher education, where she has regularly done everything she can to protect the investors in for-profit colleges and trade schools, where she has tried to step back from protecting students with federal loans, and where she has done little to oversee the giant government contractors who process federal student loans. Over the years, the issue of government regulation of these practices has been understood as necessary because almost all the money that props up the too-often-unscrupulous, for-profit colleges comes from the government, and because millions of students who borrow in good faith end up with huge debts run up for programs that have left them unemployable.

In her 2014 book, Degrees of Inequality: How the Politics of…

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