>>>Just make it dischargeable in bankruptcy again, like any other kind of debt<<<
Nope, unless the Colleges themselves loaned out the Money, which wouldn’t happen in a million years.
I saw potential in the idea of just letting the university be the one to deal out the loans to any accepted student, and making them automatic co-signers to any that are approved.
If the student defaults, then the university is on the hook to the government. Hopefully soon it will be the banks that do this, not taxpayers.
Universities will then beva bit tighter in whom they admit and what degrees they offer.