There is already a lot of information available about the labor market in general, and colleges are also required to provide gainful employment statistics for g

There is already a lot of information available about the labor market in general, and colleges are also required to provide gainful employment statistics for graduates. Despite this, it seems that many students make poor decisions, probably for more subtle reasons (easy availability of loans, wanting to experience college, wanting a gap between school and work, etc). Securitizing student loans by major and having a liquid market for the securities is an interesting idea, but its hard for me to imagine that the information provided would have any impact on this problem. If students, counselors, etc already ignore the plentiful labor market statistics available, a I'm sure they'll have no trouble ignoring a proxy for those statistics.