Prevent other people from scamming students out of money.

Right but it'd be worse if you had the student loan debt AND don't get a degree (or at least a reputable one) because it's a scam.

I mean, is a university education not a sort of scam? They are giving people degrees that cost far too much to justify the kind of job you'll get coming out.

> I mean, is a university education not a sort of scam?

Whether or not "college education" in general is "a scam" can be debated for sure.

But we aren't talking about "college education" - imagine paying for "college education" but it's a scam so you end up with less money and no education.

I think komali2 was saying that's what happens right now — you end up with less than no money and no meaningful education.

It might be - especially in the US, where you have to pay for it (or go into debt); but it could be worse, and likely worse scams were run in the past until they were stamped out by regulation.

Study something that will get you a good job, if that’s what you’re interested in.