I think most employers now check the credit records of applicants. If an applicant has a black mark relative to college loans, s/he will most likely not be employed. This credit check is also done by people renting out apts, lending $ for cars, etc., etc., etc.
Of course, what this group is trying to do is to have the debt removed, leaving no record of their not paying back the money they borrowed.
On the other hand, some of these ‘universities’ were never anything but diploma mills. They’d accept the least qualified students who’d never have been accepted at any respectable university, charge astronomical fees, and hand out a piece of paper that was worthless. IMHO, that entire ‘diploma mill’ industry arose because of federal student loan guarantees
I am firmly convinced that if the Democrats find themselves running behind in ‘16 they are going to propose loan forgiveness. It is going to happen.