Though most of our nation’s attention may be on Donald Trump becoming the 45th president today, Massachusetts Senator Elizabeth Warren is focused on his pick for Education Secretary Betsey DeVos.
DeVos testified during Senate confirmation hearings earlier this week and faced a string of tough questioning, largely from Democratic Senators.
Warren was the most vocal in her opposition to DeVos’ appointment, and following a heated exchange, turned to her Facebook page to express her dismay. “As Education Secretary, Betsy DeVos would be in charge of running a $1 trillion student loan bank. She has no experience doing that,” Warren said on Facebook, noting that DeVos has no experience with student loans, Pell Grants, or public education.
DeVos, a billionaire businesswoman and former chairwoman of the Michigan Republican Party, never had to take on student loan debt for her education, just as her children did not.
Warren also took issue with DeVos comments during the confirmation hearing in which she said she couldn’t commit to keeping the White House’s gainful employment rule intact. This rule protects students from attending for-profit schools that inflate graduation and job placement rates.
“If Betsy DeVos can’t commit to using the Department of Education’s many tools and resources to protect students from fraud, I don’t see how she can be the Secretary of Education,” Warren said in the Facebook post.
Warren, a long-time proponent of making college more affordable and reducing the outsized student debt, has railed against Wall Street and big banks. Warren is also a big supporter of the Consumer Finance Protection Bureau which may get dismantled or lose its power once the Trump Administration takes over.
In another Facebook post this week, Warren highlighted the work that the government watchdog is doing to clamp down on crimes against student borrowers after it filed an action against Navient, the country’s largest student loan servicing company.
“Despite unrelenting Republican efforts to cripple or eliminate the consumer agency, the Consumer Financial Protection Bureau continues to do its job: working on behalf of the American people. This lawsuit against Navient – the biggest student loan company in the country – could help put money back in the pockets of thousands of borrowers, including disabled veterans who have been harmed by this company’s repeated lawbreaking.”
Author: Dave Rathmanner
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