I regret its demise.

It makes no sense to offer government guaranteed loans for degrees which cannot generate income. It makes no sense for such loans to be automatic.

If I go into a bank and want a car loan, I need to have a job and I have to put the car up as collateral (usually).

No bank in their right mind would lend someone funds based on their decision to, say, get a Philosophy degree. Unless it was post-grad and they were planning on teaching. That's the ONLY way they'll ever get paid back in a timely fashion.

With rights, people, comes this thing called responsibility. If you don't have the one, you cannot have the other. There was a website I used to chat moderate years ago and the site owner wanted to make me a senior overall site moderator. She said, "So, want superpowers?" To which I said, "Thank you, but no." She about fell off her chair when I explained that if I took on that level of authority, with it came greatly increased responsibility and duty which I would NOT shirk. And, since time was an issue then as now, I didn't have enough time to do such a thing properly, so I declined.

That's responsibility, people. Don't borrow money you can't pay back. Don't take on a job you cannot do properly. Make sure you can do what you say.

Yes - we all fail. Yes, we all have tragedy happen now and again and yes, sometimes you need to take risks. But if you're going to take risks, don't take STUPID ones.