Published time: November 25, 2013 23:33 The US government made enough profit off of student loans in the last year to provide full Pell Grants of over $5,600 to 7.3 million students. But, like many government financial issues, accounting methods complicate the story. The $41.3 billion student-loan profit for the 2013 fiscal year – which ended on Sept. 30 – is actually down by $3.6 billion from 2012, but still enough to out-profit all but two global companies, Exxon Mobil and Apple. The numbers give pause since estimates show more than $1.2 trillion in student More…![]()
