[Vigilanteman]

I like your approach a lot. But it is tough to determine the character of a twenty-something kid with little or no credit history.

Plus, you'd hear a loud wail against lending institutions who charged high rates or refused to make loans for useless degrees.

I'd rather see more wailing against the educational institutions which are so much a part of the problem.

[delapaz]

the institutions would have to lower their rates for worthless degrees then, wouldn't they?

Again, problem solved.

[no-s]

actually what they do right now is try to hook the parents into co-signing.