Not to mention it was the fact that we are giving children loans that are risk-free to the lender due to the government's guarantee is what resulted in the cost

Not to mention it was the fact that we are giving children loans that are risk-free to the lender due to the government's guarantee is what resulted in the costs skyrocketing to begin with. Colleges were always going to use that consistent free cash flow from indentured young people to enrich themselves. A lot of this would solve itself if people in student loan debt could discharge it through bankruptcy. Colleges that can't produce degrees where students can pay their loans off would close and many people wouldn't be able to get student loans, and I argue that would be a good thing.