patrick.net

DanExMachina says

It could be, but that would sort of associate some responsibility on the school to do something that will increase your earning capacity. Instead, the 'education' part of the school is detached from the loans and the solicitation of alumni to sponsor new building projects and staff increases. If schools had to testify on penalty that they will increase earning capacity before the loan is approved, then there would be far fewer loans...
There's also the question of whether someone is actually fit to attend college (or has a real need to). I'm all for eliminating high schools, separating schools with sports teams from schools with academic focus, and requiring all students to have pretty advanced arts and humanities so those aren't separate disciplines of loan sharking.
Just ideas OOTB to think about...

Private schools clearly have to prove the benefits of education in getting off to the right career path. I'm more concerned about giving huge loans to social science majors where earning capacity is barely increased, if at all. These graduates will be saddled with debt they may not be able to pay back. It ruins their lives because they can't even BK student loans. Student loans should be based on risk.