Betsy DeVos: Rollback of Student Borrower Protections, For-Profit College Deregulation
DeVos, a billionaire Michigan donor with ties to the for-profit education industry through her family's investment portfolio, was confirmed in February 2017 in a 50-50 Senate vote — the first cabinet confirmation requiring Vice President Pence's tiebreaking vote in history. She immediately moved to suspend the Obama administration's Borrower Defense to Repayment rules, which provided a path for students defrauded by schools to have their federal loans discharged. More than 100,000 borrower defense applications accumulated while DeVos's department delayed processing them. Courts found the delays violated federal law. She also rescinded the Gainful Employment rule that required for-profit programs to demonstrate graduates could earn enough to service their student debt.