Top Student Loan Watchdog Resigns over Trump Admin Doing Bidding of Predatory Lenders
August 29, 2018
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14:38Now PlayingTop Student Loan Watchdog Resigns over Trump Admin Doing Bidding of Predatory Lenders
YouTube Description
as posted by the channelAs the school year begins this week across the United States, the top student loan watchdog has resigned in protest, accusing the Trump administration of siding with powerful predatory lenders over student loan borrowers. Seth Frotman worked as student loan ombudsman under the Consumer Financial Protection Bureau director, Mick Mulvaney. He wrote that under Mulvaney’s leadership, “the Bureau has abandoned the very consumers it is tasked by Congress with protecting.” This comes as Education Secretary Betsy DeVos has proposed new rules that would cut an estimated $13 billion in federal student loan relief for people defrauded by forprofit colleges. We speak with Sara GoldrickRab, professor of higher education policy and sociology at Temple University and author of “Paying the PriceCollege Costs, Financial Aid, and the Betrayal of the American Dream.”
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