Betsy DeVos Gets Right To Work

Better would be to get government out of student loans entirely. Maybe that’s step 2 or something.

“Betsy DeVos Opens A Can On Student Debt Collecting- Erasing Obama Era Guidelines..”

In August of 2016, Obama’s administration proposed that the companies handling this debt load should shift focus from collecting the debt to helping the students manage their debt payments. This meant that real live customer service agents would take the place of the robocalls that start whenever you get behind on your debt.

[…]

Since the memorandums left by the previous administration was unclear, DeVos has now withdrawn them, presumably with the intent for students loans debt collection to get back into the business of collecting outstanding student loan debt.

She explained:

We have a duty to do right by both borrowers and taxpayers,” DeVos wrote.

“The student loan servicing procurement affords us a significant opportunity to improve outcomes and experiences for federal student loan borrowers, as well as demonstrate sound fiscal stewardship of public dollars,” she explained.

“We must create a student loan servicing environment that provides the highest quality customer service and increases accountability and transparency for all borrowers, while also limiting the cost to taxpayers.”

From here