[arista]

But who is going to lend the money in the future? The government directly?

All student loans are already done by the government. This takeover was part of Obamacare.

[Codeflier]

Kind of nebulous, but after checking I see you are mostly correct. One source said that the federal government loses 150 - 250 billion per year on student loan programs. That translates to a lot of happy, fat cats in academia.