The US government created a 'College Scorecard' that may revolutionize how students pick their colleges
Daniel Goodman / Business Insider
And though the Times notes it falls short of the sweeping website it had originally aimed to create - which would have ranked every college in the US, presumably shaming poorly performing schools - it contains a vast amount of information for prospective college attendees and their families.The White House said the scorecard it will provide "the clearest, most accessible, and most reliable national data on cost, graduation, debt, and post-college earnings."
The site then allows visitors to sort and filter their list to easily compare schools and decide which college makes the most financial sense when considering student loan amount and future earnings.Below is an example that Business Insider pulled to compare two similarly priced schools.
US Department of Education
The New School costs about the same per year for federal aid recipients, but graduates make far less than Fairfield graduates, according to the government's data.
Amid a so-called student-loan crisis - in which student-loan debt in the US has reached a staggering $1.2 trillion, and the average 2015 graduate will have to repay more than $35,000 - the government's website may revolutionize how prospective students make their college choice.For families who feel that the current resources available to compare colleges on a multitude of factors are opaque, or even nonexistent, the site offers a comprehensive tool that offers transparency and reliability in choosing the right college.
- Pidilite shares surge as the 61-year old company acquires Araldite maker for ₹2,100 crore
- Chennai lashed with rainfall, many roads waterlogged
- Pinterest stock soars 23% as the social media platform garners 442 million global monthly active users
- Top stock movers — Bharti Airtel, RBL Bank, Pidilite, Titan, Hero Motocorp, Asian Paints, TCS, L&T and others
- Manforce Condoms aims to capture 50% market share by 2023