[rufus_foreman]

Here's the biggest one. There will be a reduction in the maximum percentage of a borrower's income that they will need to pay per month for a loan and a reduction in the number of years until the debt is wiped out.

Colleges are going to be looking at this and deciding they can charge whatever they want - no one is ever going to have to pay it back. Whatever limits are in these laws (sorry, rules, this isn't a law), they will charge up to those limits, whatever loopholes there are in these rules, they will find them.

Take a look at how law schools are working the existing loan forgiveness programs. That's going to be every college now. I'm too old to switch careers, and I'm not a psychopath, but this makes me want to completely drop any moral scruples I have and get into the education fraud business. People are going to get filthy, and technically legally, rich.

[daenz]

How could you even get into that business? It seems like something that only the university administration and the lenders can participate in.

[rufus_foreman]

Leveraged buyouts of existing accredited colleges or trade schools.