While the price tag on student debt continues to rise, President Obama has come up with an idea to perhaps make college more affordable; a college rating's system. The president has said "We need to rate colleges on who's gift 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 great way decree where they will put their money when it comes to higher education. Graduates deserve to have an end follow that is positive, not just one of student loan debt and failing job opportunities after graduation.
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learner Loan Debt: Obama's Plan For A College Rating's principles
This may come in part from recent lawsuits filed by former students of certain colleges who claims their schools inflated employment statistics in an efforts to attract inherent students. While selecting a school to attend, perspective students often times look at graduation and employment statistics. The higher the percentage, the great chances a graduate has of being victorious in the job market after graduation. Or so one may think.
While the number of student debt has toppled over the 41 trillion mark, many post-grad borrowers are finding it more than difficult to derive gainful employment that will support 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 law being that when students are more informed about the value of the education they are seeking, they will make great choices and thus be great consumers.
President Obama's college rating's law would comprise the following statistics:
* median tuition
* Earning after graduation
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