White House fact sheet in regards to proposed college rating system.

The White House has published some facts in regards to Obama's proposed rating system of colleges.  This proposal has deep implications due to the emphasis on degree completion versus the life long learner profile that so many community colleges have.  Linking performance of the college to financial aid will make things difficult for us due to the lack of preparation in the surrounding K-12 system.  Of interest is the following:

A Better Bargain for the Middle Class: Making College More Affordable

Paying for Performance

• Tie financial aid to college performance, starting with publishing new college ratings before the 2015 school year.
• Challenge states to fund public colleges based on performance.
• Hold students and colleges receiving student aid responsible for making progress toward a degree.

Promoting Innovation and Competition

• Challenge colleges to offer students a greater range of affordable, high-quality options than they do today.
• Give consumers clear, transparent information on college performance to help them make the decisions that work best for them.
• Encourage innovation by stripping away unnecessary regulations.

Ensuring that Student Debt Remains Affordable

• Help ensure borrowers can afford their federal student loan debt by allowing all borrowers to cap their payments at 10 percent of their monthly income.
• Reach out to struggling borrowers to ensure that they are aware of the flexible options available to help them to repay their debt.