Cancelled debt is usually taxed as income. Which would simply create another liability. One alternative, is to securitize student obligations. they have avalue

Cancelled debt is usually taxed as income. Which would simply create another liability. One alternative, is to securitize student obligations. they have avalue which is non-zero. And allow them to be traded in an exchange. It would provide the reverse incentive that certain majors or career paths would obtain better terms. But an even better option is to simply allow for direct corporate sponsorship at the undergrad level. If Apple needs 300 extra kernel hackers by 2022. They should begin recruiting right at the high school level. Offering full tuition, stipend and guaranteed employment upon successful graduation. In other words, transfer education "risk" away from students. And provide some insurance mechanism in case of failure.