[philwelch]

"if the gov't and colleges starting subsidizing majors based on their projected income, there surely would not be as many post college financial problems"

The funny thing is, you might expect the market to already do this. Engineering students can rationally expect to pay back tens of thousands of dollars in student loans, because engineers earn several tens of thousands of dollars per year. If student borrowers were rational and well-informed, no subsidy would be required.

Well, rationality is a tough problem to solve. But before we break out the subsidies, let's start well-informing people. You can start by putting lots of information about income potential by degree program in the mandatory entrance counseling that's required for student loans.