S. Service of Degree, student loan servicing businesses, and halls out-of Congress
There is a lot of money inside America's $step one.5 trillion into the student loans - and the majority of it generally does not go merely to pupils.
Like Wall surface Path, new education loan investment marketplace is an interlocking online out-of really-paid back Ceos and you can lobbyists just who move without difficulty one of the You.
With presidential candidates instance Sens. Bernie Sanders and you may E Warren suggesting student loan cancellations, scholar loan providers and you may servicers are now taken into America's governmental dialogue. Although the newest servicer Chief executive officers dont make Wall structure Street wages, it still finances handsomely, when you are lobbyists tip the device facing borrowers exactly who lack influential supporters.