Billionaire Ed Secretary Betsy DeVos’ education-related investments are a conflict of interest.

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Tell Betsy DeVos: Sell off your education-related investments

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    Betsy DeVos has been a lifelong advocate for privately run and religious schools. She’s poured millions of dollars of her own personal fortune into undermining public education. She has no experience as a teacher, administrator, or researcher. And she’s never spent so much as a day as a public school student or parent.

    During her hearing for Secretary of Education, Betsy DeVos was asked her opinion of the so-called “gainful employment” rule, which requires vocational schools meet certain standards of job placements and earnings in order to be eligible for federal funds. The application of this rule was vital in cracking down on some of the most predatory for-profit colleges in the U.S.

    Her support for the rule was tepid at best. But that’s not the worst part: It turns out Betsy DeVos still has investments in for-profit colleges and a variety of other education-related holdings.1

    Tell Betsy DeVos: Sell off your educational investments!

    As Secretary of Education, DeVos has an enormous amount of influence on the federal student loan program, and wide latitude to relax regulations.2

    Perhaps that’s why, since Election Day, some of the biggest for-profit colleges’ stocks have gone up by 30-40%.3

    Millions of Americans are already terrified about what DeVos will do to K-12 education - and the Secretary has even more power over higher education.

    Students and parents have a right to know that decisions made by the Secretary of Education are done with their best interests in mind, not the Secretary’s stock portfolio.

    Tell Betsy DeVos to sell off her from all education-related investments today.

     

    Petition to Betsy DeVos, Education Secretary:
    As Secretary of Education, it is your responsibility to serve the students of America and put their needs first. Your continued investment in various for-profit education schemes calls into question whether decisions made by your department will be made in students’ best interests, or yours. In order to prevent even the appearance of a conflict of interest, please sell off your education-related holdings.

    Sources:
    1. New York Times, "For-Profit Schools, An Obama Target, See New Day Under Trump," February 20, 2017.
    2. Washington Post, "How will DeVos influence higher education?," February 8, 2017.
    3. Forbes, "For-Profit College Stocks: How Long Will the Trump Bump Last?," February 24, 2017.