Forbes failed to note 3 points: - DeVos reinstated ACICS accreditation of predatory for-profits like her Walden U, to which she administers $700M in grad loans; - then serviced thru Performant, 1 of 2 firms contracted for collection; & - private loans = billions for Bank DeVos
No it’s not No one was Forced to take out loans.
She will only make it worse. And how much are we currently paying for her outrageous and unwarranted security detail?
Don’t worry, I get a call everyday from another wonderful company that offers studentloanrelief robocall shiftthedebt crisis
This is true! Doubling the loan amount even....this is crazy.. why push our young people to go in debt...straight out of high school.. it's literally a trap for financial failure. ..
Let's replace her!!
Thanks to the Government.
A crisis created by...the federal government. The gov’t gives taxpayer dollars to students of upper and middle class families. Who pay some of it back with interest. And the money goes to liberal universities who spend it on administrators and fancy buildings.Scheme
what a mixed bag america is....loads of debt and loads of billionaires and millionaires!
This is the cost of people trying to improve their lot in life.
Devos your a disaster
What do you mean 'NOW'!? Where have you been for the last 50 years?
... do something about it then.. don't just tell us things are bad...
No shit, chief.
Now a crisis The fact that an institution can provide a just legal adult thousands of dollars with zero assets or liabilities, or simply no credit history is a crisis.
Really Sherlock?
Ya don’t say
Did she just woke up from a 50 years coma 🤔🤔
Capitalism.
solution: 1. dont give loans to students pursuing useless degrees. 2. ?
So DeVos blames the students and families instead of predatory loan companies. Ridiculous. I’m a freedom loving conservative, but Congress needs to act on this crisis ASAP. This is not a Republican or Democrat issue, it’s hurting millions of people across our nation. There are a
It's big money. Goal from day one has been privatization.
Exactly. Colleges are businesses and they grabbed on to the Obama gravey train by raising tuition. College is not as valuable as it was before the internet. Now days knowledge is more universally available.
Why was an epidemic of teenagers taking out six-figure loans in their teens ever NOT considered a crisis
And water is wet....ladies and gentlemen, Sherlock Holmes is in the building.
Said Captain Obvious....
No, spending a couple hundred thousand dollars on a Feminine Studies Masters Degree is very stupid.
Using for everything but college books and tuition ==mismanaged funds .. guess you gotta finish college to understand personal finance, check balancing
Think?
Because before this people doing dumb shit with their college educations and borrowing money they can't pay back was....but people seem to want to ignore that part.
noshitshirlock
Less yapping; more solving.
Becoming higher than credit card debt 😱😱😱
Ya don’t say? 🤔
It works! the next generation will be a ruthless capitalist success
I think “duh” is just redundant, at this point
Only now?
Now?
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Betsy DeVos: Student Loan Debt Is Now A 'Crisis'Rising student loan debt has created a 'crisis in higher education,' said U.S. Department of Education Secretary Betsy Devos yesterday So she's going to embrace for-profit universities that combine crippling debt with low-quality education that many employers laugh at. Yet, you’ve no plans of reducing the tuition. In related news, water is wet.
Source: Forbes - 🏆 394. / 53 Read more »
Betsy Devos To Forgive $150 Million Of Student LoansU.S. Department of Education Secretary Betsy Devos will cancel $150 million of student loan debt. whats crazy is how small of a dent that will put into the total student debt right now.... $150 Million in student loan debt cancellation is a drop in the bucket. Predatory loan practices are done to college students, and it is immoral, if not criminal. But helping consumers, supporting justice are not in this admin’s DNA. Oh please be me
Source: Forbes - 🏆 394. / 53 Read more »
Betsy Devos To Forgive $150 Million Of Student LoansU.S. Department of Education Secretary Betsy Devos will cancel $150 million of student loan debt. Super... *after being told she legally *had* to Just how to choose the right cryptocurrency to invest in 2018. You need to buy DeepOnion GetDeepOnion $ONION
Source: Forbes - 🏆 394. / 53 Read more »
Betsy DeVos: America’s $1.5 trillion student-debt problem is ‘stealing from future generations’“The student-loan program is not only burying students in debt, it is also burying taxpayers and it’s stealing from future generations.' -- Betsy DeVos Yes, it's national crisis because lobbyists got with politicians who got with banks to give anyone with a social security number 30k-300k garbage education loans for a job market where 60% make 40k or less salary. They're non-bankruptable loans, the CDO trauches must be stacked. Plain and simple. An education shouldn’t cost that much. Remember the College commercials of early 2000's? Did they promise you job placement? Look at Borrowers Defense? Or IDR?
Source: MarketWatch - 🏆 3. / 97 Read more »
Betsy DeVos will cancel $150 million in student debt after being sued for delaysCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Imagine being the Secretary of Education, trying to keep millions of students so mired in debt, that they'll never be able to become productive members of society. This is the Trump administration. Glad they were able to push this legislation past her, she's pure evil. GO HOME clueless Betsy !!!!! Why not just stop loaning to propriety schools and be done with it? Now the taxpayers are on the hook for these people.
Source: CNN - 🏆 4. / 95 Read more »
DeVos cancels $150M in student loan debt after losing court battleThe Trump administration said it will cancel thousands of borrowers’ federal student loans, carrying out an Obama-era policy that Education Secretary Betsy DeVos had fought to kill Finally something decent Amway ah yes, god forbid the government help us students pay for our educations every now and then :)
Source: politico - 🏆 381. / 59 Read more »
DeVos decries student-loan program as a ‘looming crisis’Education Secretary Betsy DeVos on Tuesday warned that the federal student aid program is a “looming crisis in higher education” in a speech that some education experts say lacked an understanding of the problem. Your the crisis this Witch is still hanging around time to give her the boot😡👎 Where has she been?! This crisis was 'looming' 20 years ago. As someone with an MA living completely paycheck to paycheck because of the high price of my student loan payment, I can say confidently that the crisis is here.
Source: washingtonpost - 🏆 95. / 72 Read more »
After losing court battle, DeVos to cancel $150 million in student loan debtDeVos proposed restricting 'borrower defense' claims filed by former students whose schools closed or made false promises, but has to carry out regulations after court rulings sided with students. Why does Yahoo News think sticking the US taxpayer with $150M of student debt good thing?
Source: YahooNews - 🏆 380. / 59 Read more »
After losing court battle, DeVos to cancel $150 million in student loan debtDeVos proposed restricting 'borrower defense' claims filed by former students whose schools closed or made false promises, but has to carry out regulations after court rulings sided with students. That's cool. Teach young people that the promises they make and the contracts they sign are meaningless.
Source: USATODAY - 🏆 100. / 63 Read more »