Arne Duncan's Department of Education is making a killing from student debt. A report in Monday's Huffington Post reveals that, in the fiscal year ending September 30th, 2013, the DoE raked in $42.5 billion in profit from federal student loans—marking its second highest profit margin ever. The DoE appears to have become dependent on this
As Students Drown In Debt, Gov’t Rakes In $42 Billion Profit
Huffington Post analysis finds the DoE is raking in windfall profits from the spiraling student debt crisis