Risk-sharing................

 The issue of "student debt" doesn't seem to be going away.  My parents paid for my education, my wife worked her way through school paying her own way,  and we paid for our kids' education. All of which may explain my lack of sympathy for those who find themselves deeply indebted by the acquisition of a degree that won't pay for itself.  Been reading stuff recently suggesting the radical notion that colleges should bear some responsibility and participate in the resolution of this problem.  Here is an interesting proposition from 2017.

The real issue, though, isn’t outright fraud — it’s that colleges are partially insulated from basic market forces, and they behave accordingly. They have financial incentives to enroll as many students as possible, and little incentive — or at least, little direct financial incentive — to ensure that those students will graduate on time and find jobs that pay well enough to repay their loans. The issue is particularly acute at less selective institutions including, but not limited to, for-profit colleges.

One proposed reform to the student loan system that has bipartisan support is known as risk-sharing. In its simplest form, a risk-sharing system would directly tie an institution’s finances to the outcomes of its students.