On the graduation ceremonies of 2019 class, the new graduates at Morehouse College are overjoyed.  Not only that they finally received their dreamed diploma, but also for special gift that each of them will receive from the commencement speaker.  It is Mr. Smith who promised to pay all their student loan debt by creating a special grant that will serve the purpose.

Two days prior to the commencement ceremonies at Morehouse College, to be exact, on Thursday May 17, 2019, the American public also learned that Navient-the loan servicing company also celebrated a milestone for making the Fortune 500 list.  In announcing its success, the company reported its $13.7 trillion in revenue and $1.1 trillion in profit.

Let’s analyze these two great news by using a coin that has two faces–head and tail.  Needless to say that there may be 2 important sources of $13.7 trillion revenue, that are coming from interest and the late payment fees.  These revenues can be seen as the amount of transferred wealth from the borrowers and the public to one of the American corporations, which happened to be listed as a public entity in Wall street.

It is depend which side of the same coin that one on.  You may love the student loan program if you own the company’s shares or otherwise, if you are on the opposite side.