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 good way decide where they will put their money when it comes to higher education. Graduates deserve to have an end effect that is positive, not just one of student loan debt and failing job opportunities after graduation.
trainee Loan Debt: Obama's Plan For A College Rating's system
This may come in part from recent lawsuits filed by old students of distinct colleges who claims their schools inflated employment statistics in an efforts to attract possible students. While selecting a school to attend, perspective students often times look at graduation and employment statistics. The higher the percentage, the good chances a graduate has of being successful in the job store after graduation. Or so one may think.
While the amount of student debt has toppled over the 41 trillion mark, many post-grad borrowers are looking it more than difficult to gain gainful employment that will retain 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 instruction they are seeking, they will make good choices and thus be good consumers.
President Obama's college rating's principles would comprise the following statistics:
* median tuition
* Earning after graduation
