In spite of a court order telling Education Secretary Betsy DeVos that she had to forgive the loans of certain defrauded students, AND a motion that held her in contempt for violating that ruling, DeVos is STILL doing everything she can to prevent these students from getting the debt relief that they are legally entitled to. She has come up with a new plan to screw this students over, and Ring of Fire’s Farron Cousins explains what’s happening. Link –
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
Perhaps out of everyone that Donald Trump has put in power in his administration, there is no one who just better fits the description of being a true villain than Betsy Devoss secretary of education. This woman is pure, unadulterated evil. And here's what I mean. We have discussed this story in the past, but there's a couple new developments on it. Let's start at the beginning. Uh, not long before the Trump administration came into power, a law was passed. Um, it was the higher education act that allowed for students from certain for profit colleges that turned out to be total frauds. The federal government was going to forgive their student loan debts. Betsy Devoss came in, was told by a court, you gotta lower or you gotta eliminate, excuse me, these student loan debts. And she said, okay, get right on that. And they didn't do it. So then Betsy Devoss got sued. Another court came in and said, Hey, uh, Betsy, you, you have to do this. This is the law. Betsy said, yep, working on that. Totally going to get on that as soon as we can. Didn't happen. Betsy Devoss then just a month or two ago was held in contempt of court and the department of education was fined I think $100,000 maybe, because they didn't forgive the student loan debt specifically for the students from Corinthian colleges, which was proven to be a complete fraud. So she gets held in contempt told by multiple courts in the past, you have to do this. It's the law. So finally, the department of education under Betsy Devoss's guidance decided, all right, all right, let's get around to forgiven these student loan debts. Let's figure out how to do this. I'm going to create some new math to figure out how to do it, they said. And according to the new math, the number of people who were defrauded by these Corinthian colleges who will get their student loans paid off or forgiven, is going to be roughly zero because here's what they've decided to do. They have decided that they're going to look at everybody's income. Sure, you went to a fraudulent college that lied to you every step of the way and you were left with a degree that's absolutely worthless and non-transferable. But if you're still making like 15 to $20,000 a year now, even though you were defrauded, we're going to call it a wash and we're not going to forgive your student loan because you're kind of making on par with what other graduates make, that that's not how it works though folks. Betsy, if you're watching, that's not how this is. You were told by the courts, by the law itself, these kids were defrauded, get rid of their student loans. They don't deserve this. They were lied to a corporation lied to them, a corporation that Betsy Devoss has connections to, cause she is big into the for-profit education, uh, financial scheme. And Devoss has decided, no, I'm just going to change math rather than uphold the law that I have been repeatedly ordered by a court to uphold. So what's going to happen is that these students who are currently making below the federal poverty level are not going to get their loans forgiven by Betsy Devoss even though she's legally required to do it. So, yeah, when it comes to true villains, truly heartless, corrupt, horrible human being serving in this administration, nobody does it better than Betsy Devoss.
#rof #trofire #theringoffire #progressivenews
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