Betsy DeVos Picked A Student Loan CEO To Run The Student Loan System

[Yo_Mama_Been_Loggin]

When the Trump administration announced its pick to run the $1.3 trillion federal student loan system on Tuesday, there was one notable thing about the candidate that wasn't mentioned in the press release: He's the CEO of a private student loan company.

The Education Department's statement described A. Wayne Johnson as the "Founder, Chairman and former CEO" of a payments technology company called First Performance Corporation. It noted his PhD in education leadership, and Education Secretary Betsy DeVos, citing his dissertation, said he "actually wrote the book on student loan debt."

But what wasn't noted was Johnson is currently the CEO of Reunion Student Loan Services, a detail confirmed by a company representative reached by phone on Tuesday afternoon. Reunion originates and services private student loans, and offers refinancing and consolidation for existing loans.

The Education Department did not immediately respond to a request for comment.

https://www.buzzfeed.com/mollyhensleyclancy/betsy-devos-picked-a-student-loan-ceo-to-manage-your?bftwnews&utm_term=.twEPA21gX#.mtj2lR016

[sandensea]

1. Kleptocracy for Dummies.

[ProudLib72]

2. Remember in cartoons when a character would see a way to make a buck?

There was a cash register sound and the character's eyes would roll over to dollar signs.

Well, this is how I imagine DeVos and her pals were when she was appointed.

[zz-la]

3. Have they ever heard of a conflict of interest

Of course not.

[Mrs. Overall]

4. For those of us with kids in college right now (kids who have major loans)--

this news really sucks...