Federal loans are enslaving their first generation of college grads. This is appalling. 
Federal student loans should be forgiven during a monetary reset and debt jubilee, when the economy implodes.
Federal government can provide scholarships, with no strings attached, based upon merit and national needs. 
Federal government can provide grants to universities, with no strings attached, and based upon merit and national needs. 
Scholarships and Grants can be allocated as congress desires. 
Such scholarships and grants can be targeted to national problems, such as emissions reduction for clear air, for particular majors and university departments.

Stop student enslavement, and put academia to work, focusing on national problems.