No. The smart thing to do would be first ban student loans for high loan default subjects (womens studies/feminism). All loans are insured by the governement, so the bank gets paid by the gov if you default, but you still have to pay (bank gets paid twice). Take the second payment from the bank, make it a fixed price debt (owed to the government, so that it can be paid off (like a muslim mortgage) Or just get rid of the government insurance, so that banks will only give student loans to worthy people taking worthy loans for worthy courses.