New College Scorecard Available Following State of the Union Announcement

  • During last night’s State of the Union address, President Obama referenced the new college scorecard, promising to help parents “get the most bang for your educational buck.”
  • According to, the tool allows for users to evaluate schools based on individual needs such as  location, size, campus setting, and degree and major programs.
  • Each scorecard will include five elements about each college: costs, graduation rates, loan default rates, average amount borrowed, and employment.
  • Earning potential will be added to the scorecard this coming year.
  • President Obama said last night, ”Through tax credits, grants and better loans, we’ve made college more affordable for millions of students and families over the last few years. But taxpayers can’t keep on subsidizing higher and higher and higher costs for higher education. Colleges must do their part to keep costs down, and it’s our job to make sure that they do.”

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