07/26/2009
https://www.congress.gov...
"So we call these 'subsidized' loans even though today the program has been completely changed and, in fact, is making a profit for the U.S. Government."
"private student loans carry high interest rates, they are difficult to restructure, and in many cases, they have created a barrier for people trying to buy their first homes."
"it seems that they are undermining that goal by helping finance more student loan debt."
"The Government will profit $51 billion from the student loan program. The new loans will make a profit of $184 billion over the next 10 years."