How the Student Loan Industry, Trump, and Neoliberals Are Creating a Nation of Serfs

Up until her confirmation as Secretary of Education, Betsy DeVos had financial ties to a large student loan servicer in contract negotiations with the Department of Education. PRWatch reported in January that one of the firms DeVos divested from — LMF WF Portfolio — helped finance a $147 million loan to a student debt collection agency called Performant, which had more than 346 complaints brought against it with the Better Business Bureau.