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Afternoon Announcements: President Obama Unveils College Affordability Plan

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August 23, 2013 04:52 pm

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The big news today is President Barack Obama’s push to create a new rating system for colleges. The proposed system would take into account affordability, outcomes such as graduation rates, and how well schools provide access to populations such as Pell Grant recipients. The rating system could be tied to the $150 billion in student financial aid the federal government gives out each year. Politics K-12

“Colleges are not going to just be able to keep on increasing tuition year after year and passing it on to students,” President Obama told an enthusiastic audience of about 7,200 students and others in the University of Buffalo’s auditorium. “We can’t price the middle class and everybody working to get into the middle class out of college.” The New York Times

On Thursday, President Obama proposed that the federal government rate the nation’s schools to hold them accountable for performance and help bring soaring tuition under control. By the 2015 school year, Obama said, his administration will begin evaluating colleges on measures such as the average tuition they charge, the share of low-income students they enroll and their effectiveness in ensuring students graduate without too much debt. The Washington Post

Read the full transcript of President Obama’s remarks on Thursday on his college affordability plan here. The Answer Sheet

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