If you want a 37 minute, highly informative summary (with visuals!) of:
1. the current state of copyright law and
2. what I think is wrong with it and
3. (at least some of) what should be done to fix it,
…then you should check out the address Lawrence Lessig (a Harvard Law professor) made to the World Intellectual Property Organization (WIPO) a few days ago.
Bonus: you won’t incur student loans learning this information (like I did over the last 3 years).