Campus Free Speech

Federal Government Made More Profit From Student Loans in 2012 Than All But Two Businesses of Any Kind Worldwide

Only Exxon and Apple made more money doing their thing than the feds did acting as a lender


The federal government made enough money on student loans over the last year that, if it wanted, it could provide maximum-level Pell Grants of $5,645 to 7.3 million college students.

The $41.3 billion profit for the 2013 fiscal year is down $3.6 billion from the previous year but it's a higher profit level than all but two companies in the world: Exxon Mobil cleared $44.9 billion in 2012, and Apple cleared $41.7 billion.