Obama: Feds Will Define What a Good College Is, Punish and Reward Accordingly (+video)
He said he intends to have the rating system in placed by the fall of 2015 and intends to work with Congress to enact legislation linking federal aid to colleges to the rating system.
As outlined by Obama, this rating system would look at essentially materialistic and financial characteristics of a college as opposed to intellectual and moral ones.
For example, as the president described it, the rating system will not measure how many of a school’s graduates go on to become exemplary and virtuous in the conduct of their personal and public lives, but it will measure things such as “how many students graduate on time,” “how well do those graduates do in the work force,” whether the college is “helping students from all kinds of backgrounds succeed,” and “how successful colleges are at enrolling and graduating students who are on Pell Grants.”
Federal Pell Grants are gifts of cash–not loans–that the federal government gives to some students, but not others. They are not based on academic merit but on whether a student’s income and his or her parents’ income is low enough to qualify the family as what the Department of Education calls “low-income.”
Read more from this story HERE.

