Set the government student loan ceiling according to the university and degree program. One way to do this would be to peg it to the median earnings of recent g

Set the government student loan ceiling according to the university and degree program. One way to do this would be to peg it to the median earnings of recent grads (determined via tax reporting). Want to pursue a pre-medical degree at USC? Great! The government will loan you up to some large amount. Want to pursue a humanitarian degree at XYZ tech online? Great! The government will loan you a small amount. Remove the externality on society.