The Government makes a Profit on Defaulted Student Loans.

Alan Collinge
5 min readFeb 7

A defining hallmark of a predatory lending system.

In 2010, we found that the federal government was making a profit, not a loss, on defaulted student loans. This is a claim that no other lender for any other type of loan (including governmental loans) can make. More recent White House Budget data shows that this is still true today, and that the profitability of

Alan Collinge

I am Founder of StudentLoanJustice.Org, author of The Student Loan Scam (Beacon Press), and creator of the petition Change.Org/CancelStudentLoans