> end federally backed student loans there are maximums on the total that can be lent under federally organized and subsidized student loan programs. last i ch

> end federally backed student loans there are maximums on the total that can be lent under federally organized and subsidized student loan programs. last i checked that was around $60k for an undergraduate degree. they are not the cause of outsized student debt. > and make the loans dischargeable in bankruptcy non-dischargability of private student loans (i think was a rider on a budget bill under bush ii) opened the borrowed money spigot which then allowed cost of attendance to accelerate into high six digits territory unchecked. professional schools like law, medicine and business have typically been powered by these sorts of loans. whether or not fully grown adults should be allowed to make big bets on themselves like that is debatable. (i'd argue that there's something of an information asymmetry. people looking to enter new fields don't know how they work and higher education brands are often seen as highly trustworthy institutions where acceptance is the main hurdle and financing would be fair and reasonable given the acceptance bar has been cleared.) it is pretty clear, however, that encouraging it in high school seniors for undergraduate degrees is ethically problematic.