The Education Department has awarded two contracts to debt collection agencies and they have really raised some eyebrows. Ana Kasparian, Francis Faxwell, and Mark Thompson, hosts of The Young Turks, discuss. Tell us what you think in the comment section below. http://www.tytnetwork.com/join
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"A company that once had financial ties to Education Secretary Betsy DeVos was one of two firms selected Thursday by the Education Department to help the agency collect overdue student loans. The deal could be worth hundreds of millions of dollars.
The decision to award contracts to Windham Professionals and Performant Financial Corp. — a company DeVos invested in before becoming secretary — arrives a month after a federal judge ordered the department to complete its selection of a loan collector to put an end to a messy court battle. Windham and Performant beat out nearly 40 other bidders for contracts valued at up to $400 million, but their win may be short-lived if the losing companies fight the decision."
Hosts: Ana Kasparian, Francis Maxwell, Mark Thompson
Cast: Ana Kasparian, Francis Maxwell, Mark Thompson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Would you please produce some sort of compilation either in text or video enumerating all the most blatant conflicts of interest, lies and corruption on the part of both parties? I know that’s a helluva job, but once it’s done it can be added to daily and it might help people to see the big picture: neither of these parties has the best interest of America or her citizens at heart.
America needs to take a look at the model for student loans in Australia. Recovery of the loans is government managed and on a sliding scale based on ones income. There is a minimum wage amount before loans have to be paid back (currently around $54 000 pa), and this is increased by increases to the cost of living.
This isn't perfect. Worlds best practice is still the Nordic model of significant government investment in education, because that model generates better gdp growth in the country. If I remember rightly, every government dollar invested in education has a $20 payoff.
To put it another way, this is a significant part of the reason that those Nordic countries have booming economies at the same time that the American economy is struggling.
Puert rico electricity, corrupt, no result. Hud bought 30 thousands furnutur, no result. Use privat jet, no result. Now dvos corrupt student debt, will no result. Conclusn all corrupt regim will close hide all corrup case
Everyone that takes a student loan should expect to pay it back that's what loans are there for. It's an opportunity to leverage someone else's money for an opportunity to get those high paying white collar jobs.
Education is free in Turkey, you can go to State Universities and it's free. My sister is a Mathematician and has a masters degree all paid by the state. I graduated from Fine Arts Academy and also did not pay for it.
I'm a former debt collection agent that worked for a successful and well self-monitored company in Canada. I used to work in a US portfolio and the number of people in the US that told me how nice I was for simply following country and state laws was very saddening. Debt and unfortunate circumstances go hand in hand and people need solutions to their debt problems, not intimidation. Debt collectors don't need to be bullies when they can be teachers, too many are poorly trained. I was very lucky to work for a company with integrity that felt training their workers and providing a supportive environment was a key element to success for staff, clients and debtors alike. Collectors aren't all bad!
USA the top banana republic, they don't even try to hide their corruption. In the past In Europe, the nobles kept the people poor and the clerics assisted by keeping them dumb. You replaced the nobles by the billionaires and the clerics by the evangelicals and both groups run the US government.
My daughter went to a major college a rec'd a Bachelor Degree in Nursing. She is killing herself working 12 hour shifts at a hospital and working like 7 or 8 days straight with like 1 day off and then back to the grind of 8 days straight again. These student loans are ridiculous. How can you make a decent salary pay your bills and have money left over to try to pay down these loans. She graduated 8 years ago and is still paying on her college student loans.
Betsy DeVos is the only Christian I know of who would stuff a camel though the eye of a needle, killing it in the process, then say to Jesus, "Now, about that 'rich people can't get into heaven' thing you keep whining about..."
Conflicts of interest are simple.... Any complexity is only to mask the conflict of interest... That is why construction costs in the US are FIVE times the same construction costs in FRANCE....... It is financial RAPE...
There is no conflict of interest. DeVos divested herself of her holdings in LMF WF Portfolio, a limited liability Corporation which had holdings in the two companies in question; although there is lingering doubt about her ethics in that she might have influenced the Department of Education in the new debt-collection contract, none of this is true. As an investor she had no direct or indirect contact with the people running the companies and as she has sold off her commitment with the LMF Portfolio, so she would have no MOTIVE to influence the Dept. of Education to use Windham Professionals and Performant Financial Corp. The decision to award contracts to Windham Professionals and Performant Financial Corp. — a company DeVos invested in before becoming secretary — arrives a month after a federal judge ordered the department to complete its selection of a loan collector to put an end to a messy court battle. Windham and Performant beat out nearly 40 other bidders for contracts valued at up to $400 million, so what the government did was go with low bid contractors that would be the cheapest to operate and has nothing to do with DeVos as Secretary of Education.
This guy is the least charming British guy ever. And that stupid ass outfit makes it even worse. Steam punk hipster. Pompous yet completely ignorant of the context of the story. Oh oh well poor kids with debt. That's not the issue here dumb dumb
What did that messy haired Englishman say? In the words of the inbred, racist, white supremacists who spew their hatred of foreigners on the internet, "he don't even speak English. Why is he allowed in our country?
I don't adhere to that mind set, but I did not understand a word he said.
This is house of cards. Betsy Devos only became Education Secretary because she donated lots of money to trump’s campaign. And now Performant is getting all the contract money because they gave her lots of money. You scratch my back, I scratch yours. Meanwhile, the students and America in general gets screwed. Politics 101.
Debt collectors are worst than terrorist and DeVos. These animals are smart at screwing students both in education and murder. But not so smart to collect anything from me after they continue to call me after my debt was paid in full. Don't worry DeVos! I got your number!
I still get tormented by a "law firm"/debt collection agency about a traffic ticket that was dismissed in 1999; they say they represented me. They have sent letters to every known address I've had since 1972, and all threaten to put a warrant out for my arrest. And a $50 charge on a credit card I had in 1999 has, despite being disputed, has now been sold of to a collection agency that wants $2400 due to interest. I can only imagine the hassle of dealing with interest on a student loan from a company that DeVoss has investments in.
This April my little cousin will graduate with a teaching degree.
she is twenty years old and is currently 140,000 in debt.
You can't get a decent job without an education but you cripple people with debt.
your education is a thirty year mortgage.
They keep forcing the US economy and people into monopoly capitalism. They don't want real capitalism, they want the government to ensure there is no competition. And yet the people who claim to love capitalism and trickle down economics aka neoliberalism will keep voting for people like DeVos and her ilk. Amazingly, this woman went to what would be considered top elite schools throughout her life and yet is such a major moron that she can't even figure out a way not to look corrupt and like a crony capitalist. Seems those top schools only teach the elite how to stay the elite but not how to cover their tracks.
A way to fix the student debt is to allow people to get rid of student debt through personal bankruptcy. $1000 or so and problem is solved. I can hear the howling now,"You took on the debt and PROMISED to pay it back and now you wanna be a dead beat ". How about making an economy work for everyone for a change instead of inching toward indentured servitude.
It's amazing how the Young Turds don't talk about how poorly the US education has performed (35 in the world).....the US government run education factory is failing....private education is part of the solution.
Don't the politicians have to declare their interest? If she didn't she should be sacked. In Australia, uni students take out student loans and when they start earning a certain amount per annum, the tax dept deducts a percentage from their income over a span of years until it is paid out
Mark! An electorate that is undereducated and underinformed! Yes. Thats the key. They don't attack public education to save money ... they do it to keep voters underinformed and intellectually un-empowered. Never accuse certain government agents of stupidity. They aren't. They are just nasty ... or taking marching orders from nasty people.
Stop going to 4 year colleges and I bet you things will change. College isn't going anywhere just the cost. Get a 2 year degree and certs until you can get into a 4 year colleges that allows you to pay as you go. There are so many colleges that allow you to pay as you go.
Just so sick of TYT's anti-MAGA agenda. How can we "Mack Ameraca grate Agin" without producing a generation of unskilled, uneducated workers? Educated people don't help Amaraca. They just waist time running around thinkin of stuff and having idea's. That's horrable. We need more UNeducated drones, who will work for pennies to build capatal for the super rich. THATS what makes Amaraca Grate agin. Stupid TYT.
Thank you for posting this add. i just entered into a debate with teachers also being charged for grants that were converted to loans.. because they did not meet any commitments! again thanks for the video!
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