by Jeff Sovern
Quite a bit, according to Bloomberg BusinessWeek. The article reports:
Joshua 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.
* * * Four other [ECMC] debt collectors took home between $301,000 and $389,000 in 2010.
ECMC is a non-profit. Who knew the non-profit sector paid so well?