I think the original error was making them non-dischargeable in bankruptcy. People still take out private student loans to go to college. I think colleges would

I think the original error was making them non-dischargeable in bankruptcy. People still take out private student loans to go to college. I think colleges would have raised rates even without government subsidization. 18 year olds are in an ideal situation to be sold the benefits of taking on large amounts of debt for their future.