“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
If you owe money on a student loan, it doesn't matter how long ago you were in school. A 2005 U.S. Supreme Court case (Lockhart v. U.S.) determined there is no statute of limitations on Social Security offsets to repay student loans. The government can shave off up to 15 percent, provided your remaining monthly benefit doesn't drop lower than $750.
Read more: Can Social Security Be Garnished? | Bankrate.com
“If you think about the trillion dollars of student loans we have outstanding, there’s no way students are going to pay it back.... ”
Ackman Says Student Loans Are the Biggest Risk in the Credit Market - Bloomberg Business
According to this source the government made $41 billion dollars in profit from student loans, depending on how the accounting is done.
Government books $41.3 billion in student loan profitsGovernment books $41.3 billion in student loan profits
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.