I propose radical reform of the student lending system. Graduates face unbearable debt loads from soaring costs, $35 billion in North Carolina alone. State teacher pensions should buy and hold student debt. The education industry makes claims about the value of education that are not true. Young graduates suffer from low paying jobs and the inability to start families. They are victims of predatory lending and we can’t blame them for not understanding the real world outside of college. We can change the way we manage the debt to nudge educators to make clearer promises. Their long-term financial interests will discipline their advertising to new students. More tax dollars and guarantees cannot fix bad promises.