I believe private lenders require cosigners or else proof of income. I don't see how they can win here. You'd have them discriminate in giving loans based on so

I believe private lenders require cosigners or else proof of income. I don't see how they can win here. You'd have them discriminate in giving loans based on some kind of lifetime prediction of someone's earnings? I'm sure that would go over well. Schools need to be the adults in the room, since they getting most of the money after all. And that will only be motivated by having them take the financial hit if students default.