When I started this thread, I was hoping I was being pessimistic. Not 100 days into y this administration all of my​ worst fears are being realized - and then some.

The regulations put in place to prevent the worst depredations are being replaced. And Devos' excuse wasn't even pathetic, it was mendacious.
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DeVos said in a press memo that she was rescinding the previous administration’s list of demands to “demonstrate sound fiscal stewardship of public dollar” and limit the cost to taxpayers. The move came after a letter from industry lobbying National Council of Higher Education Resources asking Congress to alter or delay the Education Department’s changes.

You're the F-$@@ing SECRETARY OF EDUCATION, not a telemarketer lobbyist, lady! You're SUPPOSED to protect students from predation, not facilitate it.
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A recent epidemic of student loan defaults and what authorities describe as systematic mistreatment of borrowers prompted the Obama administration, in its waning days, to force the FSA office to emphasize how debtors are treated, rather than maximize the amount of cash they can stump up to meet their obligations.

Obama’s team also sought to reduce the possibility that new contracts would be given to companies that mislead or otherwise harm debtors.
No, Betsy Devos supports misleading students, just like she's been doing publicly for decades.

A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich