The federal government made enough money on student loans over the last year that, if it wanted, it could provide maximum-level Pell Grants of $5,645 to 7.3 million college students.
It’s a higher profit level than all but two companies in the world: Exxon Mobil cleared $44.9 billion in 2012, and Apple cleared $41.7 billion.
I would not be suprised.
This is why the government tied student financial aid to the obama hellcare bill.
Makes it easier to cook the books and flash the sheeple with fuzzy math numbers that make the white house community organizer look like Mr. Wonderful.