. >> deb bree cochran with the institute of college access and success. >> when we look at the default rates and look at repayment not just where students are struggling with loan debt, but we have severe questions about college quality. schools that are just enrolling students and encouraging them to take on high levels of debt and knowing they won't be able to repay them is a debt factory more than anything else. >> while former students struggle student debt is a $140 billion a year industry. in one year alone the government made a 20% profit on the loans. collect the debt will earn $2 million in commissions and students loans have been a cash cow for the colleges themselves. >> unquestionably the people making the most money on the loans are the schools. >> ben miller with the center for american progress. >> this is revenue for colleges and it is their life blood. without the student loan program uh the lo of them couldn't -- a lot of them couldn't exist. >> a lot of them don't look at college accountability and say what we have is good enough. there is way too many schools regula