Betsy DeVos Will Allow For-Profit Colleges To Rip Off Students Again

Betsy DeVos Will Allow For-Profit Colleges To Rip Off Students Again

August 20, 2019 100 By Stanley Isaacs


Secretary of Education, Betsy DeVos. A member of one of the wealthiest families
in the country by the way in case you didn’t know that, has decided to resend an Obama
era rule the gainful employment rule is what it’s called. And basically what’s going to happen with
her resending this rule is it’s going to destroy the regulations, the tighter restrictive regulations
that Obama had put on these predatory for profit colleges. Places like Corinthian University, DeVry University
and even Trump University before obviously that went by the wayside for being a complete
fraud. Here’s the thing, Betsy DeVos owns stake in
companies that own many of these for profit colleges that have been proven to use false
advertising. They charge higher rates. Students who go to these colleges are forced
to take out larger loans. They basically get a degree that is worth
absolutely nothing that other colleges will not accept as a transfer and that most employers
do not look at as an authentic degree showing that this person actually knows what they’re
doing. So anyway, any kid that goes to this college,
any of these colleges, these for profit runs again, DeVry, Corinthian, University of Phoenix,
I believe got roped in there. Forgive me if I’m wrong on that. But, they’re giving you degrees that mean
nothing. They’re not worth anything. They’re not giving you a valuable education. They’re not preparing you for any kind of
life. They’re not giving you a better opportunity
to get a job. They’re saddling you with higher debts than
average college students get and you get nothing in return. But Betsy DeVos thinks that, that’s okay. And she wants to get rid of the rule that
prevented this from happening. That’s what the Department of Education said
in a press release just a few days ago. That’s what they’re working towards. Once again, letting these colleges that scammed
thousands upon thousands of students in the United States, letting them go, unabated,
unregulated to continue their for profit college scam. And again, the reason for this, it’s actually
twofold. One Betsy DeVos again owns shares of companies
that own many of these private college institutions. She also owns interests in companies that
hand out student loans. So she wins both ways. If enrollment goes up at these private for-profit
colleges, she makes more money. If people have to take out bigger student
loans to pay for these for profit colleges, she makes even more money. This woman is riddled with more conflicts
of interest than anyone in the entire Trump administration. And yet the only time we see her in the news
is when one of her yachts get loose. A $40,000,000 yacht I believe it was, got
loose. And oh my God, she was in the headlines for
like three days while they were looking for her yacht. One of 10 that she owns by the way. We need to pay more attention to what this
woman is doing to the education system here in the United States because she is absolutely
destroying it. And she is destroying it because she makes
a profit off of that destruction. This is a woman who is already a billionaire. But even that’s not good enough for her. She needs more, just like most of the greedy
CEOs and corporations in this country today. It doesn’t matter how many billions of dollars
they have sitting in their private bank account, it’s never enough. The love of money, the quest for endless money
is the only thing that gets these people out of bed every single morning. That is the only thing in this world that
they love. That is the only thing in this world that
they will ever pursue with any meaning. And Betsy DeVos is doing that off the backs
of students by scamming them, putting them tens of thousands of dollars further into
debt just so that she can pocket a small percentage of that money.