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> The only angle I'm still working out is if someone finishes a degree, declares bankruptcy, and then goes back to the same degree (elsewhere) - they don't have the credits but they presumably know the material and can easily pass all the classes the second time around with a better grade.

Is that a problem, though? Presumably they still have to pay for the degree the second time around. And if they don't (say, a free community college), then sure, they're getting something "easier", but they still have to spend the time to get it, and they're getting a degree from a low-ranked college vs. the (for example) elite university they went through the first time.




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