I was just thinking the other day, that it would be logical for there to exist something like a mortgage-backed security for student debt. Call it a millenial-backed security. You'd bundle up a bunch of student student loans into a security, then sell shares, paying out the interest as dividends. It'd be like 2007 all over again! What could possibly go wrong?

In a sense, I suppose that's not much different than buying stock in a bank that's heavily invested in student loans. You can invest in or short those as you see fit.