Better the government than some evil private corporation or bank. (<sarc off> for Boulderites)
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.
via Federal government books $41.3 billion in profits on student loans | Detroit Free Press | freep.com.
Looking forward to the single payer universal higher education system.
