This is like a bandaid on a knife wound-and shifting the responsibility for personal mistakes to someone else. College costs certainly need a solution. This is not a good one. It is far too easy for a naive young person to rack up an insurmountable student loan debt! I have my 3rd child in college and I've seen the letters that say "check here and sign here". All 3 have gotten through school by working along the way, and with 0 student loans. And they are better people for It because they know how much It costs and they themselves made It happen. It is possible!