For the first time in American history, colleges could be judged on how their graduates perform in the real world and give the private sector a way to compete on a common metric. Later today, President Obama will unveil a new plan to overhaul college ratings, funding requirements and loan repayment, as well as promote innovations in online learning. If the still-vague plan is implemented with teeth, it could lead to a radical overhaul in the educational establishment, since few universities are currently structured to impart job-relevant skills.
Basics Of The Plan
Ostensibly about “college affordability,” Obama’s plan will have four major components (there’s a more thorough summary over at WonkBlog and there’s a copy of the official talking points over at Time):
- –Overhaul college rankings based on college affordability and graduation outcomes, including loan repayment and changes in tuition. Rankings will take the form of a swanky visual…
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