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|Student Loan 'Forgiveness'?; entered at 2022-04-30 08:50:34
Not sure stripping the degree will work. Once you have the job, who cares whether you still have a degree? It's the quality and quantity of the work that keeps you there.
Fortunately, it is self-correcting in a market situation. The banks don't want to be out the money, so it's just a matter of setting interest rates for useless degrees high enough to weed out the probable deadbeats, and of setting the credit rating ding sufficiently high (say, lifetime, or 1 year per $1k, or whatever it takes) to discourage strategic defaults. Those that still do default, well, suck it up, banksters. You made a bad call. Make enough of those and your bank belongs to someone else.