Earlier quoted context omitted.
As others have said, there are many other good schools for everyone, even for the Ivy Leaguers. But with the Ivy League you get cachet and connections. I don't begrudge them. They can have them. They will have them regardless as you said. Why want to be the thing you don't like anyway. At least it's not as bad as having to have attended the Sciences Po, or have to have attended Eton/OxBridge and the like. The bad par…
Costs will go even higher if graduates are allowed to dispose of loans via bankruptcy. Simply because the responsible ones will have to pay for the irresponsible.
Right now colleges can charge whatever they want and students will happy sign up not comprehending they have to pay back loans. It’s a complete gravy train.
No one in their right mind will give a loan to a student that isn’t going for a high income degree. Doctor/engineer Etc. Even these will be harder to get.
So colleges won’t be able to charge 50k a semester since few can afford that.