I'm all for informed consent - publish the data - but leave the choice to the individual. The goal of education is self-improvement, not necessarily/only money.
The way student debt is (mis)managed is a different issue.
> whats the goal of government education subsidies
a more educated populace is a public and civic good on its own terms. Public funding for education is maybe partially for economic returns, but is mostly because education is a necessary part of a functioning democracy and a necessary part of living a good fulfilling life
Shifting the goalposts. For most of american history a high school education was considered sufficient to be part of a functioning democracy. If a music education (or whatever) is required to be part of democracy, then everyone should have it.
The choice is not being taken away - the Federal government is merely telling the universities to find some other way to fund those programs.