Perhaps the loan requirements should be more stringent on fields that are unlikely to support repayment for people that aren’t in a financial position to repay them? Not very different to lending in other areas of life.
Or remove the non-dischargeability and the govt backing at the same time, and let interest rates and lending requirements fall where they may.
Or remove the non-dischargeability and the govt backing at the same time, and let interest rates and lending requirements fall where they may.