DeVos personally invested in student debt firms and did not indicate in her confirmation paperwork that she ever divested. Then, she appointed an industry official to a top advisory post who also did not sever ties with the industry, causing a conflict of interest. DeVos then rescinded regulations that ensured students were treated fairly by lenders, and also rescinded rules on default fees and fines to benefit the industry.

It’s crystal clear where DeVos stands on vulture lenders, the only question is why there isn’t more reporting on it.