I certainly hope not.
I think Mr. Reynolds has an excellent idea in making institutions of higher education liable for a portion of unpaid loan balances when graduates default. The cost of Higher Ed has skyrocketed even faster than Health Care, largely as a result of so much cheap, government loan guarantees. It has to stop somewhere. I have a feeling that the time is now. My only hope is for a gradual and orderly deflation and not a sudden POP!