Around 40% of all undergraduate students are community college students. Community colleges have almost never have endowments. At my community college and at

Around 40% of all undergraduate students are community college students. Community colleges have almost never have endowments. At my community college and at every other community college I know of tuition is set by the state government. Per student funding has steadily decline for over 20 years. We are legally required to accept everyone who applies who has a GED of high school diploma. Why should my college be responsible for paying back student loans in default?