Holding Universities Accountable
Make institutions of higher education partially liable when students are unable to pay student loans. A really strict system would make the school a co-signer, but making it even 5 or 10% liable for missed payments would really change the dynamic. Give schools some skin in the game.
Suppose, however, that institutions have very little control over the quality of education, and that their main driver of student performance is the admissions office. Making them partially liable for student loan repayment would mostly lead them to be stricter about admissions. Not that this makes institutional liability a bad idea, but I’m just sayin’.