If an individual graduates at 22 that stain on the credit means they're going to struggle with basic credit related issues. Until the age of 32 they'd struggle

If an individual graduates at 22 that stain on the credit means they're going to struggle with basic credit related issues. Until the age of 32 they'd struggle with housing, transportation, and even many employers check applicant's credit ratings -- any sort of security clearance work or entrepreneurial enterprise would be almost entirely out of the question. And on top of this, most loans require a guarantor. Aside from the coercive effects, I think most people are genuinely well intentioned. I don't think most people's initial instincts when borrowing money is to go see if they can run off with it. But right now with lenders constantly pushing up the cost of education they are not only making it less likely people are able to reasonably pay off their loans, even if they wanted - but simultaneously destroying any notion of good will. There is no reason this need be the case, and indeed in a time when lenders and students' interests are aligned I think the true value of the service they're providing would be seen once again.