You'd fix it by banning non-dischargeable loans (and potentially making Universities guarantee the loans so they're actually responsible for the candidates they shit out without prospects).

It's incredibly predatory to lure people who by definition don't know that much about the world yet (let alone finance) to take on six figures of debt for something that the investors know in a lot of cases won't pay for itself. It's usury. As an outsider, the fact the US allows it reeks of political corruption.