The market did accommodate it. Lots of for-profit schools (Wyotech, Heald, etc.) popped up and made a killing largely by helping students fill out loan paperwork for the maximum allowable amount while providing a dubious credential without meeting the standards of reputable accreditation boards. The credits were not transferrable in most cases, and many of the schools have been shuttered for charges bordering on fraud. (A friend from HS owes more on loans for 18 months at Heald than I owed from a 4-year degree at a state school.)