In September 2015, President Obama announced the launch of the redesigned College Scorecard, an interactive consumer tool designed to help students, parents, and their advisers make better choices among colleges. The Scorecard includes important information about an institution’s students, costs, and outcomes, including the first-ever nationally comparable data on post-college earnings.
Since then, we’ve continued to work on the development of this initiative and have made considerable progress. We’ve held a technical review panel with representatives of institutions, researchers, web developers, higher education associations, and other experts, reflecting a wide range of expertise and perspectives, to get feedback on the College Scorecard. We’ve continued our user testing sessions with students and college counselors to get valuable insights on how to improve the Scorecard so that it’s more useful for these communities. We’ve also added over 700 predominately certificate-granting institutions to the tool, so that users have more robust options when searching the website. And we’re working to prepare for our next annual data release, which we hope to publish by the beginning of the summer.
Today, we are releasing our first interim update for the College Scorecard. We have removed institutions that recently closed down and updated our “caution flags” for schools that may be facing financial or federal compliance issues (also known as Heightened Cash Monitoring 2 status). We think it’s important to provide updated information about institutions under review by the U.S. Department of Education for those deciding where to attend school. These data help ensure accountability for schools and protect the interests of both students and taxpayers.
As part of our transparency efforts at the Department, we will continue to update this information on a regular basis, and look forward to continuing our work to provide better, more actionable information to students.
Michael Itzkowitz serves as the Director of the College Scorecard at the U.S. Department of Education.