A Design-It-Yourself Student-Loan Program

6 experts tell what they would do to build a new and better system

You don't NEED to be an expert on student aid to recognize that the current loan system is complex, sometimes inefficient, and highly politicized. When it comes to financing a college education, there is no one-stop shopping. Students and their parents have a multitude of lenders to choose from, including federal and state governments and colleges and universities, as well as private sources.

Adding to borrowers'