all right, to be fair, they do deserve a fresh start, mostly. ♪ ♪ ♪ but student bowers deserve that option, too. now, that doesn't mean everyone is going to run out and file bankruptcy, or that they even should. there is something much bigger at play here. >> in the absence of the threat of bankruptcy, you open the door for widespread abuse by the lenders. >> without bankruptcy as an option, lenders are now fervently lending out as much money as they can to anybody who wants to apply because repayment is guaranteed. it's up to the student to pay it back no matter what. there is no bankruptcy option option. >> the lenders no, you can't run, you can't hide. so, this essentially gives them a license to steal. >> one lenders have no incentive to restrict who they are lending to, or how much to loan out, guess what happens to tuition costs? >> the colleges raise their price, essentially, at well.