[Ansil849]

> You can't take back someone's education

Sure you could, you could rescind someone's diploma so that they no longer have the degree.

[jfim]

It really depends on whether the degree is actually relevant to their employability.

If one has a degree in winemaking or philosophy, does rescinding their degree have a significant impact on their employability? If not, then they could just tell the bank to rescind it while still getting the education.