I'd say it's because of lobbyists for that industry. But these loans used to be all guaranteed the government. At least that changed. https://en.wikipedia.or

I'd say it's because of lobbyists for that industry. But these loans used to be all guaranteed the government. At least that changed. https://en.wikipedia.org/wiki/Student_loans_in_the_United_States https://en.wikipedia.org/wiki/Student_loans_in_the_United_St... So now, I guess, lenders at least need to consider whether a student is a flight risk. If not, they'll eventually be able to collect, presumably. We should have a marketplace where the normal incentives exist. Does an educational plan make sense? Does the student have aptitude and work ethic for the chosen career? Will there be a job waiting for this student when they graduate? If bankruptcy were possible, these questions would be more important.