re: The student loan industrial complex

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This line of thinking would also impact undeclared students or ones who switch majors after their first semester or more. Would the private lender suddenly halt the loan if someone switched from a business major to an economics major? Or to an education major? This seems like it would force students to stick with majors they may not excel in or care about. Or limit their opportunity to switch majors to complete any degree. Yes, lenders can choose who they want to lend money to but successful ones will squeeze out competition and become too big to fail.

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What this would do is force colleges to dump useless degree programs like gender studies that exist solely so colleges can accept more students and take their loan money.