The banks would have to “forgive” the loans. The problem I see is that we the taxpayers and our future generations will pay for this…IMO there has been a higher education misnomer about having to go to college to earn a substantial amount of annual salary; which is just not true. I’d argue that some of the greatest and wealthiest companies in America are college dropouts and that they actually in turn are paying salaries to the ones who “need” to go to college. Apprenticeship and OJT are the most beneficial aspects of our modern society career builders IMO.