As the number of people defaulting on student loans grew to nearly 9 million during the Obama administration, Obama put in place policy directing the Federal Student Aid Office to shift it’s focus, ease up on debt collection, and help borrowers find ways to make their debt repayment more manageable.
The current administration is going to undo that, because, well, screw these young people trying their hardest to repay their debts for education. Apparently, Besty DeVos has a big problem with treating the people the government lent money to as people and not just accounts to be paid. DeVos is not qualified to do this job, clearly, which is now confirmed even further by her decision to throw out Obama’s plans with no replacement in sight.
Besty DeVos had this to say:
Our mission in the student loan servicing procurement process is to provide high quality customer service to federal loan borrowers in a cost-efficient and effective manner. I write today to reiterate the importance of the task ahead and reaffirm the Department’s commitment to achieving its mission.
Unfortunately, this process has been subjected to a myriad of moving deadlines, changing requirements and a lack of consistent objectives. We now find ourselves in a situation where we must promptly address not only these shortcomings but also any other issues that may impede our ability to ensure borrowers do not experience deficiencies in service.
GQ Explains, The key word there is “cost-efficient.” The rest is doublespeak. You can’t just say the Obama plan didn’t have “consistent objectives.” It did. If you read the two memos, there is a very clear objective. Namely, “simplifying the repayment process, better protecting borrowers, and facilitating our oversight of servicing contractors.” That’s pretty damn consistent. The shorter version? Obama’s plan was built to make repaying loans easier.
Sounds like he is infinitely more qualified to speak on higher education that Mrs. DeVos.