Betsy DeVos To Put $1.3 Trillion Student Aid Office In Hands Of Exec From For-Profit Student Loan Company

The top official at the federal Office of Financial Aid recently resigned after butting heads with new Education Secretary Betsy DeVos and her plan to make sweeping changes to federal student loan programs. Now DeVos has announced a replacement who is more likely to follow her lead: Dr. A. Wayne Johnson, the CEO of a private, for-profit student loan company.

DeVos announced Tuesday the intent to appoint Dr. Johnson as Chief Operating Officer of the $1.3 trillion Federal Student Aid office.

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