“In some cases, you may assert, as a defense against collection of your loan, that the school did something wrong or failed to do something that it should have done.”

Wait till the law students and education students figure out that their schools intentionally overproduced about twice as many grads as the market can bear. And the PHD students and the ... well, basically every program in every school in the country except the ivy league CS programs.

Its either debt jubilee time or admit the "higher ed magically provides a great job" was all a scam. When it comes to deciding between saving face and saving a buck, usually we save a buck, so I almost guarantee the proposed strategy will fail. So culturally we will momentarily see the death of "higher ed at all costs" as a gateway to a great job and all that propaganda.