I think you’re somewhat coyly reinterpreting what a credential is. Yes, college degrees are as much about “intangibles” like a broad secondary network as they are about knowledge. Revoking a credential obviously doesn’t dissipate knowledge… and it equally obviously doesn’t dissipate anything else. It just tells future employers some lender somewhere is mad at me. You could add a regulatory regime to give a black mark to such applicants, but it would seem cruel to the public, and employers would have every incentive to ignore the regulation.
I think you’re somewhat coyly reinterpreting what a credential is. Yes, college degrees are as much about “intangibles” like a broad secondary network as they are about knowledge. Revoking a credential obviously doesn’t dissipate knowledge… and it equally obviously doesn’t dissipate anything else. It just tells future employers some lender somewhere is mad at me. You could add a regulatory regime to give a black mark to such applicants, but it would seem cruel to the public, and employers would have every incentive to ignore the regulation.