On the other hand, non-government backed loans will cause the tuition costs to drop precipitously...which then would cause the risk-assessment to be easier. I

On the other hand, non-government backed loans will cause the tuition costs to drop precipitously...which then would cause the risk-assessment to be easier. I don't think it's good that poor people get stuck with insurmountable debt, especially when a lot of college degrees don't result in well paying jobs.