Prior to 2010, the federal government authorized two loan programs through the Higher Education Act to help students and their families pay for college. As part of the health care overhaul in 2010, the Democrat-led Congress eliminated the Federal Family Education Loan Program, which offered student loans through private lenders, and shifted to 100 percent direct lending. The federal government now originates and oversees every single federal student loan issued. Is the federal government equipped to handle the enormous task it has taken on? In particular, a significant number of borrowers...