“His solution: Capping annual student-loan payments at 12.5% of income. After 15

—“His solution: Capping annual student-loan payments at 12.5% of income. After 15 years, whatever’s still outstanding would be forgiven.”—

This is almost as good as what I recommended via what I learned from Sowell. It’s not enough. But it basically crushes universities from creating moral hazards.