1. It would lower price of education, because you no longer have a source of infinite credit. 2. More people would "get to" go to college, because 1. 3. Those

1. It would lower price of education, because you no longer have a source of infinite credit. 2. More people would "get to" go to college, because 1. 3. Those who do get loans, would get loans proportional to the value the education will generate. 4. Unprofitable majors will become cheaper to take. Also, this isn't just about student loans, it's an even bigger problem for mortgages.