Student debt becoming unreliable will likely impact rates on student debt. Though it is confused by government subsidies. Those who would lose out are those f

Student debt becoming unreliable will likely impact rates on student debt. Though it is confused by government subsidies. Those who would lose out are those forced to pay higher rates on student debt. If the government bails out those financial institution then everyone paying taxes suffers. If we continue to subsidies debt and have to do so at higher subsidy levels to make up for risk of defaults then taxpayers again suffer. Indirectly, if it became a significant macroeconomic factor those schools would suffer if students refuse to take out high amounts of hight cost debt. Frankly, this would be a good outcome as they would stop adding on huge admin costs and ego boosting expensive buildings. Student debt is tricky because credit histories likely haven't been built up. For other debt largely those with good histories will get good rates. Those with bad histories will get bad rates (for cars, houses, etc.). Startup small business loans are pretty much always bad rates (if you can get them at all). Given our track record the last few decades don't worry about the 1% ($5 million puts you way into the 1%). Congress has done nothing but bend over backwards to give every possible favor to the 1%. The middle class (say those with $100,000 to $400,000 in their retirement accounts) may suffer but the 1% is very unlikely to suffer until we drastically change who we elect.