I truly don't think you even need to be punitive. Let these assholes hang themselves:
Though this is an obvious and drastic oversimplification:
Figure out some way to discharge student loan debt in bankruptcy. Fuck Joe Biden and this law in particular. In theory signing an affidavit that you are not and will not claim to be a graduate of that program seems to be a good starting point. Logically, people who need their degree will not declare bankruptcy. Doctors and lawyers and other "high debt but high earning" professions would never renounce their degrees, but your sociology, _____ studies, theater, etc majors will en masse.
When that happens, pull the universities in front of Congress and ask them to explain why. They can't, of course, and will embarrass themselves trying. Then the media (presumably less cucked at this point) can run all their smears "tuition up 2000%, ROI down 352%"
At some point the solution becomes clear: do not punish the borrowers, who made mistakes but there are clear reasons why so many young adults were actively pushed into making those mistakes... and do not punish the taxpayers, who never made the mistake in the first place. Punish the universities. Punish the people actually committing the fraud.
From this point we should be on our way to a better situation.
It seems simple, though: ask the universities to explain the increases in tuition while decreasing ROI and... they can't. There is no explanation.
Fuck em. Take their endowments. Maybe we won't make this mistake again.
I truly don't think you even need to be punitive. Let these assholes hang themselves:
Though this is an obvious and drastic oversimplification:
Figure out some way to discharge student loan debt in bankruptcy. Fuck Joe Biden and this law in particular. In theory signing an affidavit that you are not and will not claim to be a graduate of that program seems to be a good starting point. Logically, people who need their degree will not declare bankruptcy. Doctors and lawyers and other "high debt but high earning" professions would never renounce their degrees, but your sociology, _____ studies, theater, etc majors will en masse.
When that happens, pull the universities in front of Congress and ask them to explain why. They can't, of course, and will embarrass themselves trying. Then the media (presumably less cucked at this point) can run all their smears "tuition up 2000%, ROI down 352%"
At some point the solution becomes clear: do not punish the borrowers, who made mistakes but there are clear reasons why so many young adults were actively pushed into making those mistakes... and do not punish the taxpayers, who never made the mistake in the first place. Punish the universities. Punish the people actually committing the fraud.
From this point we should be on our way to a better situation.
It seems simple, though: ask the universities to explain the increases in tuition while decreasing ROI and... they can't. There is no explanation.
Fuck em. Take their endowments. Maybe we won't make this mistake again.