Earlier quoted context omitted.
I always had a very simple way to do student debt forgiveness: 1) Have universities foot the bill, not the tax payer (shocking, I know). A literal refund. 2) Institute an audit every 5 years on their price to success rate on a per major basis. Have them refund north of 50% of the tuition if overpriced. Cool, now run your little game. This is literally a consumer protection issue and this industry has hid far too long…
What does “work” mean in this case? If a student goes to university and gets a degree in medieval French literature and then serves coffee for life as a job, the university did its job iff the student demonstrated a level of mastery of medieval French literature. The inadvertent economics education that came later was not the university’s doing and they take no credit nor blame for it.
Again, this is a consumer affairs issue. These universities are doing false advertising, period.