05/11/2016
https://www.congress.gov...
"We're charging more interest than we need to run the student loan program, and there's no mechanism to refund that money to the students."
"Just loans from 2007 to 2012 are now on target to make $66 billion in profits for the U.S. Government."
"the break-even interest rate on student loans... would be about 2.5 percent."
"I think that's obscene. I don't think the student loan program should be designed so that it's making profits for the Federal Government."