These loans should have the college as cosigner and the student being able to discharge in bankruptcy.
Suddenly, colleges would STOP admitting unqualified students and stop offering worthless courses.
Or define repayment as X% of income for 10 years after graduation. Then they get stiffed if they edumacate someone lazy, or stupid, or if they oversell the market value of certain degrees. Then they’d be forced to exercise due diligence and also sell something of value.
Gee: I wonder why the government took over the loan process...
/s
Completely agree, maybe not the entire amount, but half would do the trick.