The Quest for Something Better: Reflections on the New College Scorecard and U.S. News’ Innovation Ranking
By Richard Garrett, Chief Research Officer
Last week, both the U.S. Department of Education (ED) and U.S. News launched new efforts to help consumers make smart college choices. These efforts come in response to stubbornly low graduation rates, tuition outpacing inflation, and uneven quality. While these problems are real, how helpful are these latest developments?
Over the weekend, ED unveiled its revamped College Scorecard, which allows prospective students to compare colleges on price, financial aid, debt, graduation rate, and programs offered. The big addition is former students’ average earnings six and ten years after enrollment, which is meant to help consumers judge the value of tuition.