Well, I think part of the solution is to require schools to provide an option for payments to be a fixed percentage of wages after graduation for a set number o

Well, I think part of the solution is to require schools to provide an option for payments to be a fixed percentage of wages after graduation for a set number of years. Everyone's interests are then aligned, and the school now has to bear some of the risks, and also gains some potential upside if their students regularly command high wages. It's obviously not that simple, but schools like Purdue (Back a Boiler) have working systems in place.