It’s the least the banks can do after recievng their bail-outs.
Gonna have to be a good number of compromises along the way to sanity and health.
The right answer is easy. Let folks who cannot repay debts declare bankruptcy to eliminate, reduce, or restructure debt.
Treat it as any other unsecured debt is treated.
Let the problem sort itself out after that.
That is the right answer, and indeed is the only viable answer, whether we wish to admit it or not.
Free Market people, let colleges fail, they suck anyway ...