NEW YORK (MainStreet)How will President Barack Obama's college ranking program actually appraise colleges? While it's too early to tell, and the plan may be timed to coincide with the 2014 elections, ranking the colleges may be a mixed bag, both for what it says about schools that could end up on Obama's Honor Roll and how their inherent weaknesses may not auger well of such a list's usefulness. That's beside the practicality and questionabl net-benefit of the ranking system to the fortunes of many students graduating from schools who make it.
The ranking system seems to identify the schools that do more with less for students that come from under-served populations. The crux of the plan, which is being developed by the Department of Education, is that students attending the higher-ranked schools will be eligible for more tuition aid. Its rating system is comprised of the following three quantitative elements:
- Accessibility. Are the colleges accessible to low-income students?
- Affordability. Are the colleges inexpensive?
- Outcomes. Are the students successful? Did they graduate?
Each element accessibility, affordability, and outcomes was worth one-third of the final score.
Business Insider built its own ranking system based on these elementsone that was intended to give a rough estimation of what the Obama list might look like.
Taking its cue from the Obama proposals, it is built on Department of Educations (ED) data. Business Insider summarizes its methodology by stating, "We raided the Department of Education's Integrated Postgraduate Educational Data System (IPEDS) and used that to score statistics on thousands of colleges."