Constitutional Emergency

Federal Gov't books $41.3 BILLION in profits on student loans

http://www.freep.com/article/20131125/NEWS05/311250021/Federal-gove...

Federal government books $41.3 billion in profits on student loans

11:52 AM, November 25, 2013   |  

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.

The $41.3-billion profit for the 2013 fiscal year is down $3.6 billion from the previous year but still enough to pay for one year of tuition at the University of Michigan for 2,955,426 Michigan residents.

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.

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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.

http://en.wikipedia.org/wiki/Health_Care_and_Education_Reconciliati...

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