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Message
Colleges Rattled as President Obama Seeks Rating System
Posted on 5/27/14 at 5:40 pm
Posted on 5/27/14 at 5:40 pm
quote:
WASHINGTON — The college presidents were appalled. Not only had President Obama called for a government rating system for their schools, but now one of his top education officials was actually suggesting it would be as easy as evaluating a kitchen appliance.
“It’s like rating a blender,” Jamienne Studley, a deputy under secretary at the Education Department, said to the college presidents after a meeting in the department’s Washington headquarters in November, according to several who were present. “This is not so hard to get your mind around.”
The rating system is in fact a radical new effort by the federal government to hold America’s 7,000 colleges and universities accountable by injecting the executive branch into the business of helping prospective students weigh collegiate pros and cons. For years that task has been dominated by private companies like Barron’s and U.S. News & World Report.
Mr. Obama and his aides say colleges and universities that receive a total of $150 billion each year in federal loans and grants must prove they are worth it. The problem is acute, they insist: At too many schools, tuition is going up, graduation rates are going down, and students are leaving with enormous debt and little hope of high-paying jobs.
The idea that the government would try to rate the schools has rattled the entire higher education system, from elite private institutions to large state universities to community colleges.
“Applying a sledgehammer to the whole system isn’t going to work,” said Robert G. Templin Jr., the president of Northern Virginia Community College. “They think their vision of higher education is the only one.” Many college leaders accuse the president of grasping for a simplistic solution to what they call a crisis of soaring tuition.
LINK
Posted on 5/27/14 at 5:42 pm to Sentrius
Is the solution ever not more government?
Posted on 5/27/14 at 5:43 pm to Sentrius
This administration is determined to frick up every possible industry and institution in this nation.
This post was edited on 5/27/14 at 5:43 pm
Posted on 5/27/14 at 5:43 pm to Sentrius
College rating systems are already in place and are likely more accurate than a federal system would be.
All of the information you could ever want about a school is already available, no additional government action is necessary.
All of the information you could ever want about a school is already available, no additional government action is necessary.
Posted on 5/27/14 at 5:49 pm to Sentrius
If he really wants to fix the following problem:
You can fix the tuition problem by fixing the demand problem. Make it so that publically funded loans can only go towards certain degrees in public universities.
That will help the debt problem. As for jobs, well, Obama is going to ignore that while he "pivots" towards another vacation.
quote:
At too many schools, tuition is going up, graduation rates are going down, and students are leaving with enormous debt and little hope of high-paying jobs.
You can fix the tuition problem by fixing the demand problem. Make it so that publically funded loans can only go towards certain degrees in public universities.
That will help the debt problem. As for jobs, well, Obama is going to ignore that while he "pivots" towards another vacation.
Posted on 5/27/14 at 5:51 pm to Sentrius
This is a bad idea IMO and it's very unpopular with the professors I know.
Posted on 5/27/14 at 5:52 pm to Hog on the Hill
I hope he pushes for it as hard as he can.
Posted on 5/27/14 at 5:56 pm to darkhorse
quote:
I hope he pushes for it as hard as he can.
Of course, because the federal government is just rolling in money.
I don't care if it costs just a dollar. That would be one dollar wasted.
As other posters have pointed out, the information is out there and easy to find. If someone is too lazy or too stupid to evaluate colleges on his/her own, then that should be a pretty good indicator that college is not for him/her.
"You wanna make that a large fry and Coke?"
Posted on 5/27/14 at 5:57 pm to ironsides
quote:
You can fix the tuition problem by fixing the demand problem. Make it so that publically funded loans can only go towards certain degrees in public universities.
The whole everyone needs a college degree line of thinking is the biggest problem. But if the tuition bubble is to pop it will need to start with federal loans and grants.
At the very least tie interest rates to the risk of the loan. You know, actually use interest rates as they were intended to be used.
ie Direct Stafford loans are all at 6.8%. Even for medical students who have a default rate of basically 0%. It would be easy to compile that data and offer varying rates based on the degree you are working towards. It would be a start and I would think somewhat of a compromise for "both sides"
Posted on 5/27/14 at 6:05 pm to YipSkiddlyDooo
So the interest rate for a Women's studies loan would be like 50%, right?
Posted on 5/27/14 at 6:07 pm to YipSkiddlyDooo
quote:
ie Direct Stafford loans are all at 6.8%. Even for medical students who have a default rate of basically 0%. It would be easy to compile that data and offer varying rates based on the degree you are working towards. It would be a start and I would think somewhat of a compromise for "both sides"
Great idea
Wish we had a hidden camera to see the face of kids that find out there is no santa clause delivering a high paying job with a sociology of transgender fireflies degree with a 44% interest rate.
Posted on 5/27/14 at 6:08 pm to mtntiger
I just want the people who thought he was a good idea to wake up... So push away...
Posted on 5/27/14 at 6:09 pm to YipSkiddlyDooo
quote:
ie Direct Stafford loans are all at 6.8%. Even for medical students who have a default rate of basically 0%. It would be easy to compile that data and offer varying rates based on the degree you are working towards. It would be a start and I would think somewhat of a compromise for "both sides"
This is something I can support.
Posted on 5/27/14 at 6:11 pm to Sentrius
There does need to be some accountability as far as fed money goes. Some schools suck the government for 4-5 years of grants or federal student aid and then dump the graduate into a market where they are not employable. And they do it by the thousands every year. Fat chance it happens though, because the student loan agencies and companies are getting filthy filthy rich off of it, just like the schools.
Posted on 5/27/14 at 6:11 pm to FightinTigersDammit
quote:
So the interest rate for a Women's studies loan would be like 50%, right?
Sounds about right
The beauty of this is some feminazi school would find a way to offer an affordable degree that didn't require much, if any, loans to be taken out by students. Then other schools who couldn't compete would drop their program and lose some overhead, making it more affordable for everyone else who was previously subsidizing the useless degree program.
Posted on 5/27/14 at 6:15 pm to ironsides
quote:
Make it so that publically funded loans can only go towards certain degrees in public universities.
So no loans for any private programs for health professions?
Posted on 5/27/14 at 6:19 pm to Antonio Moss
I think the unneeded Dept. of Education is looking for another unneeded program to help boost their reason to exist.
Posted on 5/27/14 at 6:24 pm to Sentrius
If Obama is a prime example of the type of mind that Harvard Law turns out these days, it needs to be ranked in the lowest tier.
Posted on 5/27/14 at 6:30 pm to Sentrius
Aside from the, "Taste your own medicine" sort of schadenfreude I get out of this, I think it's a shitty idea. How long before the Obama Presidential Library is built from university bribes?
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