By "dozens of predatory banks" and "medical billing companies" you mean "the federal government" (who is owed 92% of student loan debt) and "hospitals and doctors offices" right?
Absolutely. I am excited by the prospect of hospitals shutting down and doctors being unable to find a job, it's long overdue for them to finally come back down to earth. I can't imagine a quicker way to reform healthcare than that. It's probably our best case scenario right now with a non-functional government.
Student loans are a bit more complicated, but yes absolutely I expect to see massive defaults hurting the federal balance sheet and for schools who failed their students to start shutting down. This isn't a bad thing, it's healthy.
Student loans would presumably not be given if the degree program isn't able to get you a "good" job after finishing it.
Nothing wrong with getting a worthless degree: if you are into art you should get an art degree. However you should first get a good job that pays your bills and pay for that degree from your own fun money. As a society I help with your basic education because the value of everybody knowing how to read and do math makes it worth it.
>Student loans would presumably not be given if the degree program isn't able to get you a "good" job after finishing it.
Er, that's pretty much how we got here, they have been and are being given. Government-backed student loans have no requirement that they be spent on degrees that are lucrative.
Student loans are a bit more complicated, but yes absolutely I expect to see massive defaults hurting the federal balance sheet and for schools who failed their students to start shutting down. This isn't a bad thing, it's healthy.