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> Banks will start assessing each person's ability to pay back loans before giving them a lifetime burden of debt.

17-18 year olds often aren't going to have much of a credit score, so you're basically winding up excluding folks from low-income areas/backgrounds from a college education.

Are you going to ban students from changing their major after a few weeks?

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Why are you asking these things like they're hypothetical? The way we did student loans prior to 2005 worked just fine. Low income students weren't excluded back then were they? Just roll it back to that.

Student loans prior to 2005 were still backed by the government in the case of default. Little incentive for banks to worry about it.

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