Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Students Loans Are HUGE Profit-Centers For The Government
Posted
April 20, 2014
Views
57,026
Likes
1,474
Comments
489
Engagement
3.44%
April 20, 2014
57,026
1,474
489
3.44%
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6:06Now Playing"The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office.
Beginning in the 2015-16 academic year, students and their families are forecast to pay more to borrow from the department than they did prior to last summer's new student loan law, which set student loan interest rates based on the U.S. government's costs to borrow. The higher costs for borrowers would arrive at least a year sooner than previously predicted."* The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.
*Read more here from Shahien Nasiripour / The Huffington Post:
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