The student loan crisis could be fixed by simply requiring the colleges/universities cosign the loans.
Sanders seems to believe that as President he has the power to nullify all student loans simply by decreeing that it be done. Even if it requires a compliant Congress to pass “legislation,” Sanders hopes his coattails will usher in those needed to transform our country into a socialist paradise. But, neither Sanders nor any of the other socialists seeking the Democratic nomination pay any attention to the Full Faith and Credit clause in the Constitution which requires that a contract executed in one State must be honored in all other States. Since all of the student loans are based on contracts, abrogating all student debt would seem to violate the Constitution. Perhaps his answer will be to find the “right” activist judge to re-write the Constitution. This too me is just one more reason why all conservatives must vote in the next election.
My solution is to let graduates discharge the debt through bankruptcy (currently not allowed by law) and let the institutions holding the debts sue colleges and universities for some portion of their losses.
With a little luck some of the worst colleges will fold and the rest will close up the really stupid departments like “Queer Studies.”
Finally, no more gub’mint backed student loans except maybe for STEM majors with really good grades and standardized test scores (gonna need to revamp the standardized tests, too, to get rid of the political correctness infecting them).