Tax-free student loan work pays off

KnoxNews: Business

Former exec at Edsouth, ESA earned more than $1 million in 2004, 2005

While a pair of Knoxville companies emerged as national leaders in the student lending industry, they paid no federal taxes because of their nonprofit status.

But the work has been profitable for Tony Hollin, who earned more than $1 million in both 2004 and 2005 for his work at the companies. Read full article.

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