Who's Profiting From $1.2 Trillion of Federal Student Loans?

  • Private companies benefited as Jody Sofia went into debt
  • `At each stage of the process, someone is taking a slice'

Jody Sofia borrowed $92,500 to get a degree from Florida Coastal School of Law. Now she’s in default, her outstanding balance having ballooned to almost $144,000, and she spends her days fielding calls from government-contracted debt collectors.

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