[padastra]

It’s arguably more harmful to give a poor person $120K in debt to study something that almost certainly returns little, especially as those same people (statistically) may not know that some college degrees are worth significantly less than others.

This isn’t fully fleshed out, but the government could set a cap in loans based on anticipated the future earnings. Johnny gets into Med School and wants a $400K loan? Great! Iowa Central College wants to charge $200K for a dance major? Good luck finding students to enroll!

This also has the benefit of placing downward pressure on college tuition.