While the price tag on student debt continues to rise, President Obama has come up with an idea to maybe make college more affordable; a college rating's system. The president has said "We need to rate colleges on who's contribution the best value so students and taxpayers can get a bigger bang for their buck."
Choosing a college should be a informed decision. The President wants to offer consumers, prospective college students that is, a better way decide where they will put their money when it comes to higher education. Graduates deserve to have an end result that is positive, not just one of student loan debt and failing job opportunities after graduation.
pupil Loan Debt: Obama's Plan For A College Rating's law
This may come in part from up-to-date lawsuits filed by old students of determined colleges who claims their schools inflated employment statistics in an efforts to attract potential students. While choosing a school to attend, perspective students often times look at graduation and employment statistics. The higher the percentage, the better chances a graduate has of being flourishing in the job store after graduation. Or so one may think.
While the whole of student debt has toppled over the 41 trillion mark, many post-grad borrowers are finding it more than difficult to procure gainful employment that will sustain their educational debt as well their monthly expenses. With Obama's school rating system, student loan relief may come before the loans are even taken out. The principles being that when students are more informed about the value of the schooling they are seeking, they will make better choices and thus be better consumers.
President Obama's college rating's principles would include the following statistics:
* mean tuition
* Earning after graduation
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