Student loan industry in USA

In response to mounting controversy over the student loan industry, the House recently passed the Student Loan Sunshine Act by a large margin (414 to 3). The Act would require lenders to disclose any financial relationships they have with educational institutions, and it would prohibit certain questionable activities, such as lenders giving "gifts" to the employees in a school's financial aid office.  Straightforward as this act seems, it will fail to address the true causes of corruption in higher education. Stronger proposals, such as to bypass the private lenders altogether and have all students get their loans directly from the federal government, would be disastrous. At root the problem is massive government subsidies and regulations, and more of the same will only make the situation worse.