Thursday, August 29, 2013
President Obama unveiled a proposal last week to create a national college performance rating system tied to federal student aid. Speaking at the University of Buffalo, the President said that the rating system is part of a package of higher education reforms to make college more affordable. The rating system, proposed for the 2015 school year, would be based on “metrics like how much debt does the average student leave with, how easy is it to pay off, how many students graduate on time, how well do those graduates do in the workforce,” the President said. Under the plan, students who attend better-rated colleges would be eligible for larger Pell Grants and lower student-loan interest rates. Until more details about the metrics and rating system are revealed it is difficult to evaluate the plan, although Florida Governor Rick Scott has invited the President to look at his state’s college reforms. Read the White House’s fact sheet on the proposal here.