What big banks can’t squeeze out from the US government's Title IV funds, they squeeze out from working class students and their families through private loans.
Wells Fargo appears to be involved in predatory behavior at multiple levels, including institutional investments in Corinthian Colleges (a sub-prime college) and a "partnership" with Genesis Lending (sub-prime student loans).
As I have noted before, Genesis is lending money to students at rates exceeding 14%. This is a money machine for Wells Fargo at the rate they are getting money from the FED. Get US money for close to nothing, then invest in predatory loans that squeeze the future from working class folks.
Goldman Sachs, Barclays, and Deutsche Bank are also "partnering" with Genesis student loans.....
Genesis Financial Solutions (Subprime Loans)....
http://genesis-fs.com/student-lending/school-partnerships/....
http://genesis-fs.com/about/gfs-history/....
http://genesis-fs.com/about/partnerships/....
http://genesis-fs.com/about/the-gfs-team/....
I'm not sure of the entire money machine/predatory process, from origination at the FED (including quantitative easing) to collections and to SLABS. That would probably make a great book. The only problem is that those who know the inner workings wouldn't dare explain the process while they're still raking in the money.