re: At least half of students defaulted or failed to pay down debt within 7 years

Cut at least half the Universities in the US and allow only the cream of the to attend while also getting rid of useless degree programs like gender studies and liberal arts. Then build up trade and technical schools to build a better workforce. Next ensure that Student Loans are not government backed. Doing this will stop the madness of allowing 18 year olds to mortgage their future for a degree program that will not be worth it in the long run and it will also force kids to think about how much student loans they will take. The US needs to approach education differently and not sell the "college experience."