You can’t mandate that banks must give loans to all student applicants regardless of collateral, and at the same time permit bankruptcy of those loans. Those tw

You can’t mandate that banks must give loans to all student applicants regardless of collateral, and at the same time permit bankruptcy of those loans. Those two things are in direct conflict. Literally every graduate would simply declare bankruptcy (Since anyone who is both a graduate and borrow would by definition be broke). You’d be a fool not to. There’s literally no downside to bankruptcy if you’re a broke 22 year old with a brand new $250k debt and a degree in anything. Your choice are: 1. everyone can get a loan regardless of wealth, but they can’t file bankruptcy 2. Let banks only give student loans to qualified applicants (i.e. rich kids with co-signing rich parents) but permit bankruptcy.