Your Late Fees, Their Millions

[aka name]

Title: Your Late Fees, Their Millions
Can't pay your student loan on time? The fat cats at Sallie Mae are so glad to hear it.
Date: Tuesday, Jan 17 2006
Author: Anya Kamenetz

[A bit old, but worth a look. Sit, read, and burn.]

"When I got back from Alaska, I got a bill for $85,000 and it pretty much blew me away. That's when I realized that somebody is making a lot of money around this deal." Today, Collinge owes $105,000 to the Department of Education.

Source: http://www.villagevoice.com/2006-01-17/ ... ons/#loop1