Join for FREE,
and start talking with other members, weighing in on community discussions,
Also, by registering and logging in you'll see fewer ads and pesky
welcome messages (like this one!)
The Education Department has generated nearly $120 billion in profit off student borrowers over the last five fiscal years, budget documents show, thanks to record relative interest rates on loans as well as the agency's aggressive efforts to collect defaulted debt. Representatives of the Education Department and Congressional Budget Office could not be reached for comment after normal business hours.