I am sure this will work out well for those looting our nation as fast as they can before the impeachment…
Wayne A. Johnson will be the new head of Office of Federal Student Aid after James Runcie abruptly resigned last month, the U.S. Department of Education announced this week. FSA is the agency responsible for administering $1.4 trillion in outstanding student loans from 42 million borrowers, plus other aid programs for millions of college students.
As not mentioned in the department’s press release, and first reported by BuzzFeed, Johnson is currently the CEO of Reunion Financial Services Corporation, a private student loan company.
Liz Hill, press secretary at the U.S. Department of Education, provided NPR with a statement that read in part: “Dr. Johnson has 30 years of experience in the private sector and is going to be a tremendous asset to the Department and to FSA’s customers [...] Wayne knows this industry inside and out and has seen first-hand the benefits of serving students and helping them meet their financial and educational goals. This is just another reason why we are so excited to have him on the team as we work to put students’ needs first.”
The head of FSA is an appointment that doesn’t require Senate confirmation. It’s unclear why Johnson did not resign before his appointment was announced. Hill said in the statement, “This goes without saying, but he will separate from the company should he join FSA.”
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Textbook illustration of corruption.
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They are privatizing everything.