https://www.washingtonpost.com/news...vernment-loan-program/?utm_term=.91d56784fb8e
Education Secretary Betsy DeVos said this week she plans to appoint Arthur Wayne Johnson, the chief executive of a private student loan company, to run the federal governments trillion-dollar financial aid operations.
Rather, DeVos praised a dissertation Johnson, 61, completed last year through a weekend PhD program at Mercer University in Atlanta.
Johnsons dissertation, titled Eyes Wide Shut: Understanding Private Student Loan Indebtedness, explored whether students have adequate decision-making competence to take on major debt commitments, especially through private loans that have less favorable repayment options, according to a portion of the 159-page document that is available online.
DeVos just appointed someone to run what is essentially one of the five largest banks in the country and the only thing we know about his views on the subject is [his] dissertation, he said. Going from possibly running a school system with 44,000 students to an office that serves 43 million borrowers is a heck of a jump. Kind of like interviewing for a minor league job and then getting asked to coach the Golden State Warriors.