Your solution is actually worse. You've introduced several hoops to jump through. And in order to make sure no one is cheating, you're going to need people to

Your solution is actually worse. You've introduced several hoops to jump through. And in order to make sure no one is cheating, you're going to need people to investigate. You've basically created a shadow welfare system. Because that's going to require people and training. The government will have to pay people to make sure the "wrong" people don't get money. You think a one-time payment of $10k to $20k is bad but want to replace it with yearly $50k payments. Every employee will have to find 3 to 5 fraudulent claims per year to just break even. And why should you only get to discharge the debt if you don't get a job? What if you can't get jobs in the field your degree is mostly related to? If you get a job in an unrelated field, we could argue that your degree was also "meaningless" in that fashion. Although whether or not we should be treating college as "white collar vocational training" is another story. You are paying taxes because that's your dues for living in the USA. You get things you want, I get things I want, they get things they want, and they're not all the same things. But through pooling our money and leveraging collective bargaining, we can make all of these things not only cheaper, but possible.