Am I the only one that thinks this is actually fairly simple? Change the rules to allow the loans to be discharged by standard bankruptcy and limit the percenta

Am I the only one that thinks this is actually fairly simple? Change the rules to allow the loans to be discharged by standard bankruptcy and limit the percentage of federal backing. All of the sudden the banks will actually care about doing due diligence and the likelihood of being paid back, instead of throwing money at everyone knowing they have a federal taxpayer backstop. You want a loan for $60k to major in electrical engineering at NC State? Approved. You want us to loan you $225k to major in Sociology at Sarah Lawrence University? Denied. -- note - not to disparage anyone who went to Sarah Lawrence University. Chosen purely because it was listed as the most expensive private school