pupil Loan Debt: Obama's Plan For A College Rating's principles

Obama Student Loan - pupil Loan Debt: Obama's Plan For A College Rating's principles

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While the price tag on student debt continues to rise, President Obama has come up with an idea to perhaps make college more affordable; a college rating's system. The president has said "We need to rate colleges on who's contribution the best value so students and taxpayers can get a bigger bang for their buck."

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Obama Student Loan

Choosing a college should be a informed decision. The President wants to offer consumers, prospective college students that is, a great way determine where they will put their money when it comes to higher education. Graduates deserve to have an end supervene that is positive, not just one of student loan debt and failing job opportunities after graduation.

This may come in part from new lawsuits filed by previous students of obvious colleges who claims their schools inflated employment statistics in an efforts to attract potential students. While selecting a school to attend, perspective students often times look at graduation and employment statistics. The higher the percentage, the great chances a graduate has of being successful in the job shop after graduation. Or so one may think.

While the number of student debt has toppled over the 41 trillion mark, many post-grad borrowers are finding it more than difficult to acquire gainful employment that will maintain their educational debt as well their monthly expenses. With Obama's school rating system, student loan relief may come before the loans are even taken out. The system being that when students are more informed about the value of the education they are seeking, they will make great choices and thus be great consumers.

President Obama's college rating's system would comprise the following statistics:

* median tuition

* Earning after graduation

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