This is an important topic, but I wouldn't recommend reading this post to learn about it. There are numerous flaws and jumps in the logic. However, without get

This is an important topic, but I wouldn't recommend reading this post to learn about it. There are numerous flaws and jumps in the logic. However, without getting into all that (time is too valuable to comment on the 50,000th iteration of the same points) I will just point out that the solution is much simpler than the author's. Make the maximum repayment of student loans a percentage of income over a period of time. For example, you have to repay a maximum of 7% of your income per year for 15 years. No need to get into complicated issues of bankruptcy law. If you want universities to align their incentives more than they already are, make them cover some or all of the unpaid loan balances after the repayment period ends.