My opinion is it would be more practical to consider forgiven college debt in bankruptcy as taxable income on a sliding scale to prevent unethical default for 5 to 10 years post graduation, and also make any college that accepts federal money be responsible for up to 50% of a loan in the event of default.

I have both bachelors and masters degrees, and no employer save the first has ever bothered to even ask about them or check them out - all later jobs have cared about is work experience. And since the first job was a bit nepotistic anyway, I dont think any formal checking was done there other than talking to the one professor the first boss knew personally.