Student loan debt collections aren’t paying off

American taxpayers are getting a raw deal on federal student loan programs, shelling out $38 to collect $1 of student loan debt, according to a recent Bloomberg analysis.
Student loan debt collection sure is a booming business lately. Total student loan debt nationwide is up to more than $1.3 trillion, trailing only mortgage debt, according to the Federal Reserve Bank of New York’s most recent Quarterly Report on Household Debt and Credit. In the wake of the last recession, it surpassed bo