Education Official: Profits from Student Loan Program ‘Are Used To Fund Government Generally’

Washington, DC –(ENEWSPF)–March 28, 2014.  At a Senate Health, Education, Labor & Pensions (HELP) Committee hearing yesterday on strengthening the federal student loan program for borrowers, United States Senator Elizabeth Warren questioned witnesses about the profits the government makes off the student loan program and the Department of Education’s lax oversight of Sallie Mae, a company that profits from multiple federal contracts related to student loans. Sallie Mae was asked to testify at the hearing…