The federal government is due to book $51 billion in profit this year off new and existing federal student loans. The record amount brings the government’s profit haul to nearly $120 billion over the past five years “Instead of helping our students, the government is making a profit on student loans,” Warren said of the profit figures during a conference filled with young people. “That is wrong. It is morally wrong. That is obscene. The government should not be making profits off the backs of our students. Period.”
Posted on: Thu, 18 Jul 2013 05:15:29 +0000
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