Arne Duncan previews Obama's plan for grading universities at TIME's Education Summit
In August, the Obama administration announced plans for a new college rating system to be implemented by the 2015 school year that would eventually determine federal funding for various institutions. “Colleges that keep their tuition down and are providing high quality education are the ones that are going to see their tax payer funding go up,” President Obama said in a speech outlining the plan at the University of New York at Buffalo. “It is time to stop subsidizing schools that are not producing good results.”
The rating system, the Administration hopes, will help students and parents figure out which colleges offer the best chance of graduating and the best value.