As covered by other diaries, on Monday the House will be introducing legislation to take private lenders out of the student loan equation.
This is a good first step, and it's one that needs to be taken for the financial health of this country. This past spring, I gave an eight-minute presentation on how the financial aid system in this country needs to change. My suggestions are just that (and are by no means comprehensive), but I post the text of my remarks in hopes of beginning a conversation here about what needs to be done to fix the financial aid system.
Below the cut, the entirety of my remarks.