I shouldn’t have said anything, now they’re probably thinking they can save some of those pesky inefficient private sector insurance jobs too.
my theory is that it will be easy for them to show a quick cash profit on administration of student loans. For one they are deferred debt instruments and they can jimmy the numbers of expected defaults to show higher expected returns in future years then they will actually earn. Also they could suspend currently due loans at the drop of a hat. They will then use this as a ‘see we told you so that we can run a profit’ in a move to usurp the insurance companies themselves.