Betsy DeVos' Corrupt Student Loan Scheme EXPOSED

[@AnonEyeMouse]

Education should be free. The benefit to the country is astronomical. It's a literal investment in the future of the nation.

[@AnonEyeMouse]

xamphibiax I'd still make private universities have to take one scholarship per three private pupils. Money should never get in the way of the finest potential being matched with the finest tuition and resources.

[@shoulders-of-giants]

No one listens to should be. *Make it* free. You and the other Americans. GOGOGOGOGOGO

[@jmitterii2]

It's a free be for business in fact to have capable educated employees, especially considering many employers are losing their aging workers to retirement, and are refusing or incapable of training the replacements.

[@AZOffRoadster]

xamphibiax Do you hate movies? Do you hate music? I'm more into the latter, but I'm just a scientist.

[@jgcelliott1]

AnonEyeMouse ... "Money should never get in the way..." Said so many as they signed.

[@tjputzier]

Betsy is laughing all the way to the bank. She just doesn't give a frack.

[@renwilson6987]

Corruption at its finest.

[@rouge1ful]

FIRE HER! FIRE HER!!

[@Will_Salcedo]

You mean, LOCK HER UP! LOCK HER UP!

[@peterschancel7223]

WiLL scooped my words . Ha . Ha . How about send her to inner public schools for a semester.

[@Will_Salcedo]

Peter Schancel Yea because learning is torture to Betsy DeVos.

[@mk202]

Tarred, pelted with dirty diapers, and burned at the stake 👌🏼

[@bobbiusshadow6985]

Ok, let's face it, America is the most corrupted of all free first nations and the Republicunts are the most corrupted of them all (legal corruption or not).

[@orionpax0946]

Having conflicts of interest is virtually synonymous with being a member of the Trump administration.

[@tedl7538]

The OP is so right (OrionPax) :-D

[@OldTeaMate]

OrionPax09, it's the qualifier!!!

[@CButtonshaw]

As Cenk likes to say "It's not a bug, it's the FEATURE!"

[@loricataldi2016]

You don't think Trump would have hired someone who wasn't out to screw us over

[@louisianastormz1022]

Lori Cataldi I know right. How dare the American people expect our president and his brilliant experts to act on behalf of the American people

[@mmc8539]

If I don’t pay my student loans, I get my nursing license revoked then I lose my job, become destitute, have to get a low paying job, and will never be able to pay them back. That makes so much sense right? My debt forced me to go back to school quicker than I wanted to get my doctorate just so I can make ends meet.

[@j.c.ulater]

Marisa Mary home of the free...smh

[@dannysalgado3965]

How much do you owe if you don't mind me asking?

[@mmc8539]

Danny Salgado About $100,000, and that’s with scholarships and grants, in addition to the small amount my workplace contributed.

[@dannysalgado3965]

Marisa Mary I remember hearing about someone who took out a mortgage type loan out to pay off a student loan that the kept defaulting on and they even settled for a 30 year fix, also it all depends on your credit score but you can always have someone co sign, my advice to you would be to settle for that if that's even possible and also to get rid of any other debt that you may have starting who credit cards. I mean I'm no expert in all this but that's the only advice I can give you.

[@mmc8539]

Danny Salgado Thank you! That’s an excellent idea, I’ve never heard or thought of that. I’ve never had to default, but I did defer my loans for a couple of months here and there during hard times, so no dings on my credit score. This would be great since my boyfriend is in even more debt than myself. Residents make significantly less than minimum wage if you consider the hours they put in. He could wait until the end of the program, but he would pay thousands more in interest, therefore we collectively pay about $2200 a month in student loans. After that we can pay our other bills.

[@andreware6492]

Students should just all organize and stop paying! Education should not cost money! Only in America

[@OldTeaMate]

Andrew Are, but the money is needed for endless military spendings and bank bailouts …

[@jgcelliott1]

Wait,wait, hang on, lemme get the popcorn...

[@hoh4944]

Yeah, free food too! And toilet paper. And cars. And sausages. And mansions. And...

[@brendantoungate8287]

Rich people jockeying for the opportunity to shake down exploited students that were forced to go to college to have a shot in the economy. This is sickening.

[@justmemadison]

The Republican party is just as disgraceful. Obama tried to lower the interest rate on student loans (by half) and Republican's wouldn't have it...they are charging interest so they can profit off the loans which is not how the Government is suppose to work. They also denied the law Obama tried to pass where they could not require students to pay more than 10% of their salary -- regardless of the amount of their salary...minimum wage and up. This situation is just another horrific event under this horrific administration, but the Republican's have been fighting anything that would give people a chance to repay their loans without having to give up their first born -- so to speak.

[@AZOffRoadster]

As soon as they can pay Americans the same pay as the lowest bidder, they'll consider hiring you. It's called capitalism in the modern age. advocatus diaboli, you are just a silly troll. Go upstairs and ask your mommy for some money so you can get laid.

[@OldTeaMate]

advocatus diaboli, do you take responsibility for the trillions spend on the military industrial complex?

[@jgcelliott1]

OldTeaMate ... We are all going to take responsibility for military expenditures for the rest of our lives. Thank the previous years grads for bringing us the debt based economy which is drowning you and all the rest of us. Rest assured, the working class had precious little if anything to do with it. They are not going to help pay student loans, they can't afford it either.

[@evanj706]

advocatus diaboli, come on man, "no one forced you to go to college" is not the answer. Your points seem to come from mostly a selfish "even if it helps the country overall I don't wanna pay for nothin'!" kind of place, BUT, your points about kids taking responsibility aren't wrong. Kids should go for any scholarship, or grant, or just borrowing as much money from family as possible before going for student loans, and even then you have to be realistic with yourself as far as how much you can pay, how often, and maybe most importantly, how badly it could screw your life up if all that fails. Ultimately, probably the answer is somewhere in the middle. An active, disciplined approach to any loans, and an overall cheaper college experience, be that through increasing scholarships or decreasing tuition costs or putting restrictions on the interest student loans can charge.

[@wgjung1]

Stormy Daniels for secretary of education. She showed she's way more qualified.

[@CButtonshaw]

a rock is more qualified than DeVos.

[@cblain9807]

Is there anyway we can toss her out ?! She needs to goooooooooo

[@justmemadison]

Well, we can vote out the people responsible for appointing her and then get rid of her. November 2018...VOTE! VOTE! VOTE!

[@OldTeaMate]

C Blain, vote progressive!

[@cblain9807]

Already researching progressive candidates for 2018, and my daughter turned 18 this month and registered Green!

[@cblain9807]

Was hoping we could get her out on a technicality, corruption, I know wishful thinking.

[@RigelOrionBeta]

This includes voting out the people who accepted her appointment. Look up the Republican Senators that voted her in (and it was entirely Republicans, except two: Lisa Murkowski and Susan Collins) and vote them out.

[@dannyriot7580]

Is anyone really surprised anymore?

[@dannyriot7580]

R Doom you know what? Neither can I.

[@JohnnyTrece]

I fainted from this very shocking discovery 😂

[@OldTeaMate]

Danny Riot, "anymore"? The sheep have been willfully ignorant to not always have realized it! They just wanted MAGA, and wished it to be true and include themselves, so badly!

[@enceladusmoon3577]

The swamp monster DeVos needs to be fired.

[@burgesskj]

I really like this new analysis team. Instead of investing in America, student debt has become the number one way to rob our future.

[@riles2626]

Sad thing is as usual nobody is going to do anything about it cause if you have enough money it doesn't affect you so it really doesn't matter

[@ryanwalsh5019]

This is why i dipped out of college and did trade school instead. Already on the plus side with less than 6 months training. Maybe I'll go back if it gets better, but for now it isnt worth it just for a chance of sneaking around the experience catch 22

[@robotech6424]

Lock her up!

[@marysharkey1503]

Lock her up!!! Vile hypocrite!

[@AB-hi6ru]

Lock Her up x 1000000

[@Bongwyre2112]

you make stupid decisions

[@uptildawnltd3253]

“But but but... Armenian genocide” -Trolls

[@MrMoo-kj2in]

Al Osama Hadid Destroyer of evil When they can't argue with facts...

[@JohnnyTrece]

And and and Obama and Hillary.

[@liquidminds]

who cares about the American Genocide happening right now, if he can warm up a 20 year old story without importance? I mean.. you gotta prioritise. If you focused on things that actually affected you and not on stupid stuff, you'd be a bad conservative.

[@uptildawnltd3253]

Kevin Lopez dude, what are you talking about?

[@Bhope07]

The education system is backwards. The system makes it appear that debt is a normal way of life when it should be highly avoided. What a scam

[@peanutbutterjellyfish2665]

“The best people!”

[@cblain9807]

Yes, the "best people" to take every penny the lower 1% dare to try to obtain! (He just left out the rest of the sentence).

[@OldTeaMate]

C Blain, *lower 99%

[@OldTeaMate]

Peanutbutter jellyfish, heads are still spinning!

[@cblain9807]

ah yes thanks for the correction!

[@paulogmf]

Just call it what it is, that is not questionable is literally criminal

[@Leo-z1v]

Gangsters all over that house

[@katim2644]

I've been screaming about this since she was confirmed! How is it that it is just being figured out now? She got caught on it in the hearing. What! No one was listening? And don't forget she abolished the 10 year relief rule which is a score to the debt refinance companies.

[@OldTeaMate]

Kat I M, many have!

[@thehypnotoad3869]

Kat I M , everyone knew she was incompetent. the vetting proved that. but Republican control of the government gave us this privileged, out of touch, agenda driven fool.

[@katim2644]

Something DeVos said at her confirmation got me looking. It was so blatant that I was surprised it didn't get more coverage. I guess I relied on her desire to smash the church/state separation to funnel public money into Christian schools by way of vouchers, forcing many non-christians into her extreme brand of Creationism. Making millions for doing no work and spending no money either than for a bunch of debt collectors paid minimum wage was just a bonus. Oh wait, doing no work fits in nicely with her job now!

[@sorrybutnotsorry8439]

Betsy believes humans rode dinosaurs. That's the person leading our Department of Education. 'Nuff said.

[@allwinds3786]

Drain the swamp,... My ass!

[@tedl7538]

Well since virtually everything out of 45s mouth radically twists the truth beyond recognition, I always heard it as "build a swamp."

[@OldTeaMate]

Donald Schneider but he did drain the industrial complex swamp … straight into his cabinet …

[@allwinds3786]

OldTeaMate yep

[@satriakurniawanndjaenal1223]

Y'know, I don't think there's any other country where student loans is a problem.

[@squreshi8413]

There isn't :(

[@CButtonshaw]

Not as BIG a problem for sure.

[@satriakurniawanndjaenal1223]

Yeah...not in the generalized way America seems to get it, anyway. It's like the debts are part of the education programme and you can't escape it unless you're REALLY rich...

[@blondzruleall5443]

I went to school to get a Masters Degree to be a therapist, I went to school and could only get loans for my BS and MS degrees, I owe 80,000.00 plus and they expect me to pay 1800.00 a month. I am in debt as I also used my own credit cards to pay for books, to stay at hotel as my classes were 2 x a month from Thursday to Sunday. I lost wages those days. I am scared. I am trying to get income driven, as my fiancé was laid off his 25 year job, 7 months ago and can’t find work. I am questioning that the high tuition was worth it. I could lose my house if I am forced to pay what I can’t afford.

[@jbhann]

BlondzRule All ...not sure what it costs, but I've heard property can be put into a trust and they can't take it away from you, because the trust owns the property.

[@blondzruleall5443]

jb hann Thank you

[@shutdafup]

1967 called Betsy DeVos and said they wanted their Invisible Girl hair back.

[@bertlaforge9535]

She should return to school, she knows nothing, just got the job because of her brother. School will go down hill especially the poor, low income familes

[@OldTeaMate]

Bert Laforge, $$200 million got her the job!

[@kikimonroe7502]

Ughhhhhh this makes my stomach hurt. I have student loan debt I can't afford to keep up the Interest is outrageous

[@B2BCreditandCollection]

how is is possible that she is not in prison for this... isn't this fraud???

[@OldTeaMate]

Michael Dennis, $$

[@darkmoongoddess9791]

I graduate in 2022..by then I will be about $60,000 (+ interest on about half of that amount accrued over 4 years) in debt. They give us 6 months to not only find a job, but to begin paying that money back. I think they should give us at least 2 years. Why? Because in any career, regardless of your major, you start out making less money. In 2 years you should be able to work your way out of beginner's wage & maybe, just maybe you can afford the ridiculous payments that you'll have to pay every month for, literally, the rest of your life. I'm terrified I'll never be able to buy a house now. I'm also concerned I'll never be able to get my Masters degree because I cannot even afford my Bachelors! This is not how you grow an economy. Please do not sit out the 2018 midterm elections!! Vote!! We need all the help we can get to keep these corrupt dimwits from ruining this country & every life in it anymore than they already have!!

[@ctcs9162]

If this is draining the swamp I'd hate to see what the flood looked like.

[@MrBibi86]

*The US needs a system like Australia where you only pay back your interest free loan when you are earning $54,869+ a year*

[@terriej123]

Great reporting Ana! Keep covering this issue!

[@SpaceHeavy-4]

Where are all the Trump supporters at today? Hmmmmm.

[@azaleaacevedo5124]

It's Raining Men they all realized they have loans too, but they are literally allergic to criticizing their dear leaders.

[@saquilleahem5165]

Kevin Lopez Hello Spain gay boy .

[@jesusgaytan1353]

Locker her up,Locker her up

[@tapolna]

Betsy DeVos is to students as Scott Pruitt is to environment, or Steven Mnuchin to home owners. or Jeff Sessions to justice, or John Bolton to world peace etc ...

[@rainsweptflower]

There is a very special place in hell for the Devos family as a whole.

[@simons5704]

Did any of these people make an honest dollar?

[@robotech6424]

Nice to see Francis again

[@ericmesser1]

I never thought I would hear that great Scottish word “SHITE” on TYT...........great stuff

[@SalLopezW]

Is that that one awesome guy?!, seen him before on the net. Nice! Great team at TYT.

[@Seofthwa]

It not questionable, it is corruption. Short and simple. Even if she divested they will pay her back later on the back end.

[@phyllislowe3942]

When will this circus ends? Barnum and Bailey please come and get your peeps.

[@yippedoodah]

She's rich enough to move to a tropical island as if she's on an everlasting vacation but noooo, she just had to get involved in something she knows absolutely NOTHING about....

[@alexisonvideo]

Yes!! Love seeing Francis Maxwell on the panel! Betsy Devos is the most unqualified member of Trump's inept cabinet.

[@snoopy5736]

I'm gonna have to get a new number again 😂

[@Drediggy]

I said it in the begining. It don't matter what side of the fence you're on rich people no matter what their race is are on their own side. And the rest of us are screwed.

[@armartin0003]

This is sick.

[@wirelesmike73]

I've said it before, I'll say it again. Every time I see her, the first thing that comes to mind is Pale Man from Pans' Labyrinth.

[@Swnsasy]

If our government would just do what Bernie said and wipe away student debt that alone would boom our economy. My student loans are $1200mth!! It's ridiculous..

[@DustinMikkelsen]

I'm already at the national average in student loan debt and I don't graduate for another year. This administration is trying to screw as many people as possible, we need to vote them out.

[@amyashley3182]

I wanna diiiiiie. I'm screwed.

[@Ariana_GrandeFan2020]

Amy Ashley im a screw. Im here if you need to get screwed

[@loonneye]

SuluFire Nice

[@dannysalgado3965]

I'll screw you baby.

[@baki4king]

join the club Amy, I call that stressed in distress

[@nickiteutonius9516]

Dont sweat it...we're all screwed. Just on different levels, with different devils.

[@Rodsuper]

Lock her up, lock her up, lock her up!!!!!!

[@jennifersnelling4966]

Two words: FIRE DEVOS!!!

[@Wrench245]

I still get tormented by a "law firm"/debt collection agency about a traffic ticket that was dismissed in 1999; they say they represented me. They have sent letters to every known address I've had since 1972, and all threaten to put a warrant out for my arrest. And a $50 charge on a credit card I had in 1999 has, despite being disputed, has now been sold of to a collection agency that wants $2400 due to interest. I can only imagine the hassle of dealing with interest on a student loan from a company that DeVoss has investments in.

[@imnotmike]

lol, Francis Faxwell

[@aviacopeland2615]

How can low income people support rich people that do nothing to benefit them?

[@davymike761]

"Shite", lol...reminds me of Train Spotting :):):):)

[@clarissathompson]

I'm a former debt collection agent that worked for a successful and well self-monitored company in Canada. I used to work in a US portfolio and the number of people in the US that told me how nice I was for simply following country and state laws was very saddening. Debt and unfortunate circumstances go hand in hand and people need solutions to their debt problems, not intimidation. Debt collectors don't need to be bullies when they can be teachers, too many are poorly trained. I was very lucky to work for a company with integrity that felt training their workers and providing a supportive environment was a key element to success for staff, clients and debtors alike. Collectors aren't all bad!

[@AprilMarieSanderson]

Don't default on your loans. Contact your provider and ask for a deferment/forbearance. Income driven repayment plans are available for Stafford Subsidized and Unsubsidized loans.

[@fahen7875]

The emolument clause should kick in.

[@Smoke1]

I read somewhere that these companies are giving people an allowance of $57 per month for food with no allowances for things like toiletries or transportations when working out how much they want you to pay back.

[@inhumANthropoid]

"But het emails"...

[@factscheck2024]

Wow this the sickest shit out, she will keep her job

[@startop8805]

ARREST the witch.

[@stevdevon4644]

Thank you for posting this add. i just entered into a debate with teachers also being charged for grants that were converted to loans.. because they did not meet any commitments! again thanks for the video!

[@marlo8528]

Arent they bold? They don't even care about the appearance of it all. Smh

[@fishingenthusiast0]

they even do it so blatantly they didn't even to hide it anymore.

[@richtrost2676]

Trump has an uncanny talent for picking the least qualified and/or corrupt people to head the various government agencies.

[@Kyosanym]

I like how Betsy is smiling like a donut in the thumbnail.

[@susanfox4409]

My daughter went to a major college a rec'd a Bachelor Degree in Nursing. She is killing herself working 12 hour shifts at a hospital and working like 7 or 8 days straight with like 1 day off and then back to the grind of 8 days straight again. These student loans are ridiculous. How can you make a decent salary pay your bills and have money left over to try to pay down these loans. She graduated 8 years ago and is still paying on her college student loans.

[@marknelson463]

In case you missed it these new contracts were awarded to meet a court ordered deadline. While these contracts are new but there are existing contract with other companies. Both companies have had contracts with the education department in the past As per a report in politico

[@RealJackHQ]

Francis Faxwell seems cool. The info bar told me so. Btw, LOCK DEVOS UP!

[@sageohio1864]

Of Course!

[@malerieayala4349]

I’m 31 yrs old and still have $78,000 in student loan debt! Yay me!

[@conniek1935]

The thrust is to discourage upper education across the board going forward.

[@stylz1]

I didn't know Donald Trump Jr. had a British accent.

[@ssdd0813]

"Drain the swamp" says Cheeto Jesus

[@frankparise583]

Francis is back.

[@isaacingleby8771]

Anyone else get a Trump Ireland advert? Think they're barking up the wrong tree 😂

[@Thepharcyde4ever]

I was close to defaulting on mine. I made a payment plan and am currently paying them off.

[@ALSomthin]

The whole of debt collection with student loans is messed up . I couldnt find decent work for a year after graduation and defaulted. After a year I found shitty jobs and they took my tax refund for 4 years . They still called me every day for those for years. They redid the loan stopoed the calls and I made payments however all the money they took from tax refund seizures did not count against the debt. It took 9 years to pay off a 3000.00 loan. the money they took from me from tax seizures.... just disapeared. The IRS couldnt even find it.

[@chrisherrick2397]

What about blinding the companies' name and other information competing for the contract during the competition?

[@anthonyj.dipasqua4676]

Is that a pocket watch? Frances Maxwell is dressed like a guy that invented an app that will automatically buy all of the Railroads whenever you play Monopoly.

[@bittern56]

Don't the politicians have to declare their interest? If she didn't she should be sacked. In Australia, uni students take out student loans and when they start earning a certain amount per annum, the tax dept deducts a percentage from their income over a span of years until it is paid out

[@logic7753]

This April my little cousin will graduate with a teaching degree. she is twenty years old and is currently 140,000 in debt. You can't get a decent job without an education but you cripple people with debt. your education is a thirty year mortgage.

[@zoldierz]

i didnt hear about this on Cnn they talked more about stormy daniels

[@mrmajestic66]

There is no conflict of interest. DeVos divested herself of her holdings in LMF WF Portfolio, a limited liability Corporation which had holdings in the two companies in question; although there is lingering doubt about her ethics in that she might have influenced the Department of Education in the new debt-collection contract, none of this is true. As an investor she had no direct or indirect contact with the people running the companies and as she has sold off her commitment with the LMF Portfolio, so she would have no MOTIVE to influence the Dept. of Education to use Windham Professionals and Performant Financial Corp. The decision to award contracts to Windham Professionals and Performant Financial Corp. - a company DeVos invested in before becoming secretary - arrives a month after a federal judge ordered the department to complete its selection of a loan collector to put an end to a messy court battle. Windham and Performant beat out nearly 40 other bidders for contracts valued at up to $400 million, so what the government did was go with low bid contractors that would be the cheapest to operate and has nothing to do with DeVos as Secretary of Education.

[@benjamingriffith4183]

When is enough? Where or what is the line?

[@spiritualanarchist8162]

The U.S government has become like a bank guarded by bankrobbers with keys to the vault.

[@ALSomthin]

the whole of debt collection is messed up . I couldnt find work after graduation and defaulted. After a year I found shitty jobs and thet took my tax refund for 4 years . They still called me every day for those for years. They redid the loan stopoed the calls and I made payments however all the money they took from tax refund seizures did not count against the debt. It took 9 years to pay off a 3000.00 loan. the money they took from me from tax seizures.... just disapeared. The IRS couldnt even find it.

[@ursaltydog]

Even people who have become permanently disabled and on Social Security can and DO have their little income garnished monthly for a loan that balloons from 3k-7k from debt collection companies selling the debts on the market, and the lawyers tagging on 3k+ or more on small education loans.. The reason there is this quote of 35k+ quote is that the loans have ballooned with the added fees for merely a loan being bought out..

[@DPowered2]

There are states you don't even need a license to buy debt and the means you collect are up to you and you can even sell debt you bought to someone else who can come after you for more

[@kvdgadj]

Just like Trump, still doing business on the side.

[@heathfletcher6514]

In Australia we have a scheme once you earn enough money you pay back your uni fees gradually as an added tax. It works very well.

[@GustoStCool]

I'll take her over the status quo. America's teachers should be held accountable for their decades of gross incompetence.