Millions of student loans could be headed for a shakeup in coming months

As Courtney Minor began a master's program in vocal performance, she made sure to heed some well-known advice: Stick to federal government student loans.

In completing the two-year program at Longy School of Music of Bard College in Boston in 2009, Minor racked up $60,000 in debt using six different loans, which required her to pay a total of $800 a month for 10 years following her graduation.