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If it's getting repossessed at 50 percent value, that means it's getting repossessed in the first year, and probably shouldn't have been financed in the first place. BUT, let's say they did, gap insurance is a thing that exists, for cheap, to cover that exact situation. Regardless, that debt can be cleared via bankruptcy, and is peanuts compared to most student loan debt. Smaller plans, multiple outs and protections available from the get go.
On top of that, student loan debt already prevents people from buying cars due to high debt to income, and already low post-grad income tied up paying loans, which are often as high as a new car payment, not to mention insurance and registration. On top of that, it makes them higher risk, raises their interest rates, and makes financing even more challenging.
There is no sane argument between the two.
I'm not an expert but in my very brief googling, it doesn't look like GAP insurance covers getting repoed.
https://pocketsense.com/gap-insurance-cover-car-repossessed-8067238.html
I don't know mu h about USA student debt, I'm in the UK. That does sound pretty different
I was trying to point out how a wide spread auto loan defaults could have far reaching consequences