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 offering 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 resolve where they will put their money when it comes to higher education. Graduates deserve to have an end consequent that is positive, not just one of student loan debt and failing job opportunities after graduation.
learner Loan Debt: Obama's Plan For A College Rating's principles
This may come in part from up-to-date lawsuits filed by old students of definite colleges who claims their schools inflated employment statistics in an efforts to attract inherent students. While choosing 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 market 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 seeing it more than difficult to regain gainful employment that will reserve 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 theory being that when students are more informed about the value of the schooling they are seeking, they will make good choices and thus be good consumers.
President Obama's college rating's theory would comprise the following statistics:
* midpoint tuition
* Earning after graduation
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