Warren Calls Profit On Student Loans “Obscene”

Massachusetts Senator Elizabeth Warren calls a government estimate that federal student loans between 2007 and 2012, generated 66-billion-dollars in revenue, "obscene." She says the government should not be making billions-of-dollars in profits on the backs of students. Warren says the General Accountability Office report, which was issued on Friday, highlights the need to stop profiting from students and refinance existing loans.