“make colleges repay loans that students default on”
That would solve several problems simultaneously, with little downside. It should be the first choice.
Push it all over the internet. It is gaining traction.
colleges can pay all the higher education debt with buildings and endowments.
There needs to be no banking student loans
Colleges need to self fund. It will be amazng how little debt there will be if they swung for the loans on their students.
Prices would also drop like a rock
and bonus: leftism loses funding sources.
That is so problematic on a variety of levels:
Raises school’s tuition to cover loses.
Incentivizes bad behavior by the loanee.
Foots the taxpayer with the bill.
Just need to get rid of the program. Period.