Federal Government Rakes In Billions Off Student Debt

Lauren McCauley @ Common Dreams - Critics blasted the U.S. Department of Education for profiting off the backs of struggling students after a new projection by the Congressional Budget Office revealed Monday that the federal agency is set to make $127 billion from loan interest payments over the next ten years.

And despite promises to do the opposite, a student loan bill signed into law last year is driving up those interest rates even faster than projected...read more.