SINCE THE GOVERNMENT HAS TAKEN OVER THE STUDENT LOAN PROGRAM AND LIKE EVERY GOVERNMENT OWNED PROGRAMS THE RESULT IS THE SAME–BLOATED OUT OFCONTROL EXPENSIVE TO THE LIKES OF DEMOCRATS–JUST LIKE THE FEDERAL DEFICIT THE POTUS BHO SPENDS MONEYS LIKE WATER DOWN THE DRAIN

From November 2013 through November 2014, the aggregate balance in the federal direct student loan program--as reported by the Monthly Treasury Statement--rose from $687,149,000,000 to $806,561,000,000, a one-year jump of $119,412,000,000.

The balance on all student loans, including those from private sources, exceeded a trillion dollars as of the end of the third quarter, according to the Federal Reserve Bank of New York.

"Outstanding student loan balances reported on credit reports increased to $1.13 trillion (an increase of $8 billion) as of September 30, 2014, representing about $100 billion increase from one year ago," the bank said in its latest report on household debt and credit.

Seven years ago, in November 2007, the aggregate balance in the federal direct student loan program was only $98,529,000,000. Since then, it has grown by $708,032,000,000.

http://www.cnsnews.com/commentary/terence-p-jeffrey/federal-student-loan-debt-tops-800-billion