> Let lenders take risk This. Universities should be required to eat a certain percentage of any loan that defaults, so that they always have skin in the game.

> Let lenders take risk This. Universities should be required to eat a certain percentage of any loan that defaults, so that they always have skin in the game. A similar rule could have prevented the subprime mortgage crisis. Sure, let lenders sell house loans to higher risk customers, but make lenders themselves responsible for some portion of any bad loan, and don't let them use shell companies or bankruptcy-in-name-only shenanigans to escape their responsibility, either.