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Trump: Government profits off student loans

By
Amy R. Connolly
Republican presidential hopeful Donald Trump answers a question during the second Republican presidential debate Wednesday at the Reagan Library in Simi Valley, Calif. Monday, Trump vowed to restructure the student loan process to make it really good for the student. Pool photo by Max Whittaker/UPI
Republican presidential hopeful Donald Trump answers a question during the second Republican presidential debate Wednesday at the Reagan Library in Simi Valley, Calif. Monday, Trump vowed to "restructure" the student loan process to make it "really good for the student." Pool photo by Max Whittaker/UPI | License Photo

WASHINGTON, Sept. 22 (UPI) -- Republican presidential hopeful Donald Trump vowed Monday to restructure the student loan process to stop the government's profiting off student loans, saying he will make it "really good for the student."

Trump, during a Twitter chat, said it's "not fair" that the government profits off student loans, in response to a question about how he plans to fix the student debt crisis.

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"We're going to restructure it. We're going to make it possible for people to borrow money, go through college, get through it, we're going to make it so it's very affordable. Right now, it's not fair," he said. "It's one of the only places, frankly, where our country actually makes money and they make a lot of money. And that should not take place. We're going to make it really good for the student."

Some 43 million people, most under age 40, owe an estimated $1.2 trillion in outstanding student loan debt. The average balance is about $30,000. A growing number of borrowers have been unable, or unwilling, to pay back the loans.

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