Too bad you didn't read the article. Let me summarize: if the student files for bankruptcy and succeeds, the burden of the debt then gets transferred to the institution where the student attended. This would force the institution to think and invest in each student. As of right now, there is no risk to any place of "higher learning" because just about everybody can get a federally backed student loan. These places know this, and water down their curriculum and inflate grades which keeps the student firmly planted in their seat and the money rolling in.
Oh, sorry. I didn't realize this entire thread was a pointless circle jerk. Putting the colleges on the hook will never, ever, ever happened.
To fuel their ridicules marketing of these worthless degrees, colleges are now erecting plush student housing. In fact, one of the best investments in the housing industry now is in firms that specialize in building these facilities.