Fair enough, but that only proves my larger point. If you make a whole bunch of a certain type of loan, and everyone who takes that loan declares bankruptcy, th

Fair enough, but that only proves my larger point. If you make a whole bunch of a certain type of loan, and everyone who takes that loan declares bankruptcy, that should be a pretty strong indicator that the loan is a poor risk and you should not have made the loan in the first place. Right now banks are shielded from that risk because the government backs the loan and the law forbids the debtors from defaulting, so it's basically just giving free interest payments to banks. Without loans to support exorbitant tuition, prices will have to go down to what people are actually able to afford to pay.