 There are several ways we can incentivize colleges to reduce their prices and encourage students to take educational paths that maximize a return on their investment. For starters, we need to reduce the size of the federal student loan program over time so that schools can no longer take for granted that applicants will be able to pay for tuition no matter what. The best way to forgive student loan debt is through personal bankruptcy. Student loans are currently the only kind of debt that cannot be discharged this way. Bankruptcy is a system that ensures that only those in dire straits get debt forgiveness while at the same time forcing them to bear a penalty because it makes future creditors wary of lending to them. Simply forgiving federal student debt, on the other hand, means forcing us to bail out other people for their bad decisions while rewarding the very institutions that have been ripping us off in the first place.