Careful, I’ll report you to the SPCA
In all seriousness, why just the private schools? Should we not go after UCLA, Berkeley, NYU, etc. for taking poor, gullible kid’s loan money without providing them with a means to repay the loans? For that matter, should we not go after their high school for not teaching them math? How about their parents?
Why should we go after the taxpayers, at all? They were kind enough to loan money to people who promised to pay it back. Why should they bear the brunt of dealing with [whatever adjective/noun combo that pops into your head]?