Here is an idea: let’s have colleges themselves act as the guarantor for a student loan. This way the incentives are aligned; if the colleges are poor judge of

Here is an idea: let’s have colleges themselves act as the guarantor for a student loan. This way the incentives are aligned; if the colleges are poor judge of a students talent (and admit too many low performers), or having teaching standards are too weak will stand to lose money when a student cannot secure a job and repay their loans.