alt Hacker NewsWe should allow students to discharge their loans if they cannot repay them. This means risk will be assigned to borrowers and that would squeeze the ability for kids to take out loans on stupid majors that have absolutely no hope of ROI, as currently priced.
I think there were some reforms to the process not too long ago that may have done something like you describe.
The problem comes from the fact that a lot of Millennials were told by their parents that having a degree was what mattered, not what the degree was for. That was probably true in their day; it wasn't true in the 00s. Kids were told to follow their dreams. Now those same parents scoff at the idea of meeting their now-adult children halfway in order to let them gainfully participate in the economy. It's insane.