Or, instead of bankrupt, they would likely focus on degrees that were marketable in the current economy. I feel that this option would really reduce the number

Or, instead of bankrupt, they would likely focus on degrees that were marketable in the current economy. I feel that this option would really reduce the number students in some degree programs that aren't directly employable, or at least not at high wages. Universities could offer this today in some programs (CS, medicine, law, etc). But what about arts programs? Music? Are these employable enough to incentivize a University to to take a chance on students ability to repay?