Or if students had the option to discharge their debt in bankruptcy at all, how many would do it. I suspect enough that we'd have something resembling the last

Or if students had the option to discharge their debt in bankruptcy at all, how many would do it. I suspect enough that we'd have something resembling the last debt crisis on our hands, but depending on how that gets handled it might encourage lenders to be a bit more careful with who they lend to and how much they're willing to lend in the first place which may then encourage schools to lower costs.