[NickC25]

>* that the federal guarantee that student loans not be dischargeable in bankruptcy led directly to the increased cost of education*

Yes. However, there has been an arms race of sorts in the higher education world that is completely unnecessary. New dorms and high quality facilities aren't a bad thing at all (when built wisely and cost-effectively), but having tons of administrators is. Colleges do need to cut down on some unnecessary programs, but they also don't need to go spending tens of millions on football coaches or athlete-exclusive facilities either (which happened at my alma mater).

>* Let’s let lenders and colleges be required to make good investments again. *

Agreed. But let's not also forget that the lenders can make a huge profit on these loans....I've seen loans as high as 8%! If we're going to ask young adults to go into debt to get an education, we should make sure that bankers and other parasitic actors can't make huge profits on said loans. They should be capped at 1-2% interest at most.