Not entirely unexpected that academe would be reluctant to transition away from the corporate based lending. Due to the over emphasis on this system, it has become an unfortunately large aspect of collegiate funding. And no doubt there will be a PR blitz by co-opted college financial aid offices, the corporate lenders, and fellow travelors to keep the current system, or components thereof. That would ironically be what L. Brandeis warned of when he said "They control the people through the people's own money". Problem is the corporate based lending system has become incredibly unpopular, largely due to its own excesses. So if academe doesn't accept reform by governmental action, it will have to adopt to forced reform by students and families electing to stay out of college due to excessive debts, and no way out. The corporate based lending system has become too much a factor in American higher education. The dilemma is students and families buy their way into the middle class dream of higher education, by this system. But often can never pay their way out.