Taxpayers Fund $454,000 Pay for Collector Chasing Student Loans

open quoteJoshua Mandelman made $454,000 in a single year as a student-loan debt collector — more than twice the pay of the U.S. secretary of education.

His boss, Richard Boyle, chief executive officer of Educational Credit Management Corp., received $1.1 million in 2010, including commuting expenses from his ranch in New Mexico. Five other managers each took home more than $400,000. close quote (Read more)

4 comments

  1. I’ve already worked in the coercive sector of the economy. I’m excited about the prospects of working in the voluntary sector.

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