<p>
</p>
<p>Indeed it can, and would be very easy to also model the ‘no pays’ on purpose. 17-year old and unable to legally sign such a doc? No problem. Move out of state? No problem. (Sure, UC could turn it over to a collection agency, but based on what? And where?) International? No problem. Stay home parent, with zero income? No problem. Undocumented/illegal, which by definition cannot legally work? No problem. Choose a ‘PC’ profession like Government service/teaching? No problem, (we’ll waive repayment).</p>
<p>A good deal for all. A greater deal for many.</p>
<p>btw: this model works extremely well for professional schools, because it one could lose a license for non-repayment of say, law school loans.</p>