That's typical of trade schools, at least. Watch daytime TV and you will be inundated with commercials for expensive but worthless degrees for private schools.

That's typical of trade schools, at least. Watch daytime TV and you will be inundated with commercials for expensive but worthless degrees for private schools. My solution - make it easy to declare bankruptcy for student loans, but institute a student "dividend" program where, instead of getting loans, institutions get a percentage of the student's future earnings above a level which would be considered average for someone with the credentials that the student has before enrolling. Lenders then wouldn't get paid back for loans for rip-off schools, so they wouldn't make the loans, so the schools would have to change or close.