Why can't you just seize the degree? If I go to college and default on my loan, the elegant solution is to just strip me of my degree. If I want it back, I would have to go to college for another five years.
Because unless you are an academic what good would that do? Employers would still know you had obtained the degree and at worst there might he a small discount on your starting salary. You wouldn’t be fired for losing it.
Is the value of the degree the knowledge and experience (and connections) you made along the way, or is it just the signalling that this institution vouches for your ability to clear a bar? Interesting philosophical discussion point. If the value of the degree is the former, there is literally no way that a bankruptcy judge could force you to stop talking to friends or forget the things you learned. If the latter, well, could the court possibly enforce 'not talk about your experience at college' on your resume or in all your job interviews? Even if you had your degree taken away because of bankruptcy, it still would be something that you could mention in some way, right?
