[vlad]

How about a "nutrition chart" requirement for each college of any type? It would disclose the lower, more average charge per student over 4 years computed by each college using federal standards.

Secondly, the government should run the loan program themselves for public universities, since it's a lot cheaper for it to offer loans than to subsidize banks to do the same.

[especkman]

The government used to have more involvement in the student loan programs. My father started up a non-profit under the state board of regents to service guaranteed student loans in Utah in the late 70s or early 80s after the feds passed some big program. They did quite well for a few years, until the regents made them transfer everything to various banks and shut the thing down because it had the potential to be fabulously profitable.