They wouldn't. That's the point. You shouldn't be able to borrow $150k+ without some collateral or a 20% down payment. I believe that if this happened, you'd s

They wouldn't. That's the point. You shouldn't be able to borrow $150k+ without some collateral or a 20% down payment. I believe that if this happened, you'd see tuition rates plummet. But it won't until some catastrophic economic event occurs because the student loan industry is predatory and corrupt. Essentially ruining people's lives by selling them a lie in the name of "investing in your future."