> ...the bill would hold universities partially accountable for defaults by their student borrowers. Some possible outcomes here: 1. Universities might be inc

> ...the bill would hold universities partially accountable for defaults by their student borrowers. Some possible outcomes here: 1. Universities might be incentivized to underwrite the loans themselves to have more control over defaults. 2. Universities might change admissions to prefer those who are less likely to default. 3. Universities might prefer or require no financing. 4. Universities will require more information about and be more sensitive to any loans that students make. > Under the bill, if poor student outcomes resulted, institutions would be financially responsible for a portion of any loans their students struggled to pay off. "poor student outcomes" is doing a lot of heavy lifting here. It could change school administration incentives drastically depending on the definition. Unfortunately, I think this "solution" will make universities change a lot of things before they change curriculums/teaching/courses. Ultimately, they will think: what control do we really have over whether a graduate makes a lot of money?