Or, we make the applicant apply and only give them a lone we think they'll be able to repay based on their skill, the school, and the choice of major. If they

Or, we make the applicant apply and only give them a lone we think they'll be able to repay based on their skill, the school, and the choice of major. If they start doing poorly then we don't give them future loans. It's really not that hard -- get the government out of the loan business.