For many years, the Martin Center has been arguing that to bring some sanity to federal student lending, the schools that receive the money ought to be held accountable if their graduates aren’t able to repay the loans. Legislation to accomplish that has been introduced, but has never become law.

Here’s a ray of light, though. As Graham Hillard reports in today’s Martin Center article, two law schools are making a “skin in the game” move.

Earlier this year, the University of Kansas School of Law announced a new institutionally sponsored student-loan program in response to the One Big Beautiful Bill Act. Because that law caps professional-program student lending at $50,000 a year (with a........

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