We the people of the United States feel that the federal government needs to stop profiting from student loans. The federal government made profits of $41.3 billion from student loans in 2013. Only two companies in the world cleared higher profits: Exxon Mobil and Apple.
With rising interest rates, the federal government is set to clear $175 billion in profits over the next decade. Estimates show more than $1.2 trillion in student loan debt across the nation. The federal government needs to STOP abusing their powers and profiting from indebted college students.