Education Department chooses firm with ties to Betsy DeVos for debt-collection contract

Source: Charlie May, Salon, January 14, 2018

Education Secretary Betsy DeVos once had financial ties to one of the two companies selected by the Department of Education to assist the agency in collecting unpaid student loans. The company, Performant Financial Corp., has also been criticized by other contract bidders for having inadequate ratings in the past. Performant and Windham Professionals were the two firms that were awarded contracts, out of almost 40 other bidders, and the deal is expected to be worth as much as $400 million, the Washington Post reported. The decision was touted by the Education Department as “the most advantageous to the government,” however, Performant’s past ratings have contrasted that assessment. Prior to her job with the Trump administration, DeVos was listed as an investor to LMF WF Portfolio, a limited liability company linked to Performant. …