http://www.freep.com/article/20131125/NEWS05/311250021/Federal-government-profits-on-student-loans

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 profiticon1.png 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.

You need to be a member of The Patriots For America to add comments!

Join The Patriots For America

Email me when people reply –

Replies

This reply was deleted.