DeVos is the billionaire sister of Erik Prince, founder of the murderous private mercenary firm, Blackwater, Inc. Like the President, whose foreign policy decisions are compromised by his conflicting foreign financial interests, DeVos has significant financial interests that conflict with her obligation to serve the public interest as the nation's top education official.
Citing paperwork released by the U.S. Office of Government Ethics (OGE), the Center for American Progress notes DeVos "has [substantial] investments in companies that hound students to pay their federal loan debts." Unfortunately, DeVos was not confronted with that blatant conflict-of-interest during her Senate confirmation hearings because, according to the Center, Senators were not given access to the OGE records until after her confirmation process was completed.
In his August 2018 article in Forbes, Newton bestowed the "Queen of Debt" title after the Secretary of Education pursued policies that facilitated a rise in the level of U.S. student debt to an alarming $1.5 trillion.
One of the principle means utilized by the conflicted DeVos to inflate her own wealth, while burying an entire generation of defrauded students in insurmountable debt, was to indefinitely postpone the "Borrower Defense Regulations" that had been adopted in 2016 by the Department of Education under President Obama. Those regulations were supposed to have gone into effect in July 2017.
The "Borrower Defense Regulations" were enacted in the wake of the collapse of privately-held, for-profit colleges and universities --- worthless diploma mills, like the now defunct Corinthian Colleges and the infamously fraudulent Trump University. The scam artists of those private, ostensibly "educational" institutions rake-in exorbitant tuitions paid via direct loans their students are encouraged to obtain from the federal government. Unable to secure employment after graduating with their worthless diplomas from the disreputable private institutions, the students are left facing insurmountable debt, as taxpayers pick up the tab to cover the loans those former students are unable to pay back.
According to an October 28, 2016 Department of Education formal announcement, the Obama-era regulations were expressly designed to protect students and taxpayers from predatory institutions. The 2016 regulations included provisions for debt relief for victimized students and the elimination of contractual provisions by which predatory private schools compel students to waive their right to class action lawsuits and which force students to submit to private arbitration.
In successive rulings, U.S. District Court Judge Randolph Moss has now sided with defrauded student borrowers and against DeVos and the predatory "educational" institutions she invested in prior to becoming the U.S. Education Secretary --- a position that placed her in charge of overseeing regulations meant to clean up this fraudulent mess...