There is a good case to be made for it. Ike Brannon of the George W. Bush Institute (he’s no left-winger) argues in favor in this Weekly Standard article.

But it isn’t just a boo-hoo, let’s help suffering kids piece. Brannon would change the law so that if a student declares bankruptcy to escape from his loans, the school or schools that “educated” him would have to take over the payments. That would radically change the incentives, both of colleges and students. Colleges would have to contemplate the risk of admitting disengaged, ill-prepared students. They’d also have a strong incentive to raise academic standards so that students couldn’t just coast through. Students would have an incentive to show that they are serious about education and would benefit from college.

Any politicians with the guts to propose this?