“… My administration will release a new “College Scorecard” that parents and students can use to compare schools based on a simple criteria — where you can get the most bang for your educational buck.” – President Obama, 2013 State of the Union
Too often, students and their families don’t have the right tools to help them sort through the information they need to decide which college or university is right for them. The search can be overwhelming, and the information from different colleges can be hard to compare.
That’s why, today, our Administration released a “College Scorecard” that empowers families to make smart investments in higher education. As the President said last night, we want to help families get the most bang for their educational buck.
The College Scorecard – as part of President Obama’s continued efforts to hold colleges accountable for cost, value and quality – highlights key indicators about the cost and value of institutions across the country to help students choose a school that is well-suited to meet their needs, priced affordably, and is consistent with their educational and career goals.
The tool is interactive, so students can choose among any number of options based on their individual needs – including location, size, campus setting, and degree and major programs.
Each Scorecard includes five key pieces of data about a college: costs, graduation rate, loan default rate, average amount borrowed, and employment. These data will be updated periodically, and the Department plans to publish information on average earnings in the coming year.
Get started by visiting whitehouse.gov/scorecard.
Arne Duncan is U.S. Secretary of Education