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Federal government books $41.3 billion in profits on student loans »
The federal government booked $41.3 billion in profits in the 2013 fiscal year from student loans, new figures from the federal Department of Treasury show. That's enough money to give federal Pell Grants of $5,645 to more than 7.3 million people or to pay for a year of tuition at the University of Michigan for 2,955,426 Michigan residents. Source Main page (current trends)