I disagree - a diploma can’t be taken back - if you borrow the money to pay for the education, you owe that money until it is paid. Unlike a car or a house, which can be repossessed if you fail to pay, a diploma enables you to find employment.
Colleges are producing crap. That’s irresponsible. The colleges TEACH nothing so well as how to be irresponsible. How to fix? Take away the easy upfront money, the crack cocaine of academic depravity — government protected student loans!