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Obama Student Loan Policy Reaps Bigger Profit Than Exxon »
The Obama administration is forecast to turn a record $51 billion profit this year from student loan borrowers, a sum greater than the earnings of the nation's most profitable companies and roughly equal to the combined net income of the four largest U.S. banks by assets. Figures made public Tuesday by the Congressional Budget Office show that the nonpartisan agency increased its 2013 fiscal year profit forecast for the Department of Education by 43 percent to $50.6 billion from its February estimate of $35.5 billion. Source Main page (current trends)
More about: Congressional Budget Office, Obama Administration, Obama Student Loan Policy Reaps, profitable companies, student loan borrowers, The Department of Education