This the the parent comment argument. No unlimited credit, no unbounded high prices. Alternatively cap un-bankruptable dept to a reasonable amount, say 15k/yr

This the the parent comment argument. No unlimited credit, no unbounded high prices. Alternatively cap un-bankruptable dept to a reasonable amount, say 15k/yr or something. It's pretty much how it works here in Quebec Canada and very few students end up with more than 40k CAN in un-bankruptable dept.