SO I’VE BEEN TALKING ABOUT THIS FOR YEARS, AND NOW IT’S FINALLY SEEING A BIT OF TRACTION: Senate would put colleges on hook for student loan default: Bipartisan push seen as way to make schools accountable.

Only 37 percent of student borrowers are current on their loans and paying down debt, and from 2004 to 2014 there’s been an 89-percent increase in the number of borrowers, and the average balance on their loans has increased 77 percent, according to a study released last month by the Federal Reserve Bank of New York.

The ripple effect is felt throughout the economy, as young adults delay purchasing homes or starting businesses.

Hey, that sounds kinda familiar. So does this:

Among other ideas, Mr. Alexander said part-time students shouldn’t be able to borrow as much as full-time students, and perhaps colleges should be allowed to counsel borrowers more frequently or cap the amount students can borrow.

Senate Democrats, including Sen. Richard Durbin of Illinois, Patty Murray of Washington and Elizabeth Warren of Massachusetts, are pushing Mr. Reed’s bill, which would force colleges repay a share of defaulted loans if at least a quarter of their students use federal aid.

As it stands, colleges do not face federal penalties unless the percentage of borrowers who default within three years of entering repayment, known as the “cohort default rate,” reaches a high bar of 30 percent. The national rate is much lower, close to 14 percent.

All is proceeding as I have foreseen.