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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDeVos Appoints CEO Of A Student Loan Company To Head Federal Aid Agency
DeVos appoints current student loan company CEO to head student loan agency
Wayne A. Johnson will be the new head of Office of Federal Student Aid after James Runcie abruptly resigned last month, the U.S. Department of Education announced this week. FSA is the agency responsible for administering $1.4 trillion in outstanding student loans from 42 million borrowers, plus other aid programs for millions of college students.
As not mentioned in the department's press release, and first reported by BuzzFeed, Johnson is currently the CEO of Reunion Financial Services Corporation, a private student loan company.
Liz Hill, press secretary at the U.S. Department of Education, provided NPR with a statement that read in part: "Dr. Johnson has 30 years of experience in the private sector and is going to be a tremendous asset to the Department and to FSA's customers [...] Wayne knows this industry inside and out and has seen first-hand the benefits of serving students and helping them meet their financial and educational goals. This is just another reason why we are so excited to have him on the team as we work to put students' needs first."
The head of FSA is an appointment that doesn't require Senate confirmation. It's unclear why Johnson did not resign before his appointment was announced. Hill said in the statement, "This goes without saying, but he will separate from the company should he join FSA."
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http://www.npr.org/sections/ed/2017/06/24/533950485/devos-appoints-ceo-of-a-student-loan-company-to-head-federal-aid-agency?sc=tw
MyOwnPeace
(16,888 posts)that "Trumpies" and his congressional lemmings (YES, I mean YOU, TOOMEY!!!:grr continue to go around with your heads WAY FAR UP YOUR ASSES - SCREW THE MASSES!!!!
smirkymonkey
(63,221 posts)She is incredibly inexperienced, incompetent and unprepared to take on this office. Also, she is a miserable bitch. Is there any way to fire her?