Stating the obvious, college is one of the most important and expensive investments Americans make. In addition to tuition costs, from a consumer perspective, other factors should be important in deciding on a college, including graduate employment prospects, average student loan debt, and average number of semesters taken to complete a degree. If you were making a decision on buying a car, you would have access to a tremendous amount comparative information, some generated and collected by the federal government, and other information coming from the manufactures themselves.
Despite the fact that vast amounts of very detailed consumer information exists regarding colleges that could be used by students for comparison purposes, the Higher Education Act currently prevents the collation and publication of this otherwise useful comparative data. As a result of the Higher Education Act, students are left with incomplete and inconsistent data to base their college decision on.
Continue Reading Empowerment or Intrusion? The College Transparency Act of 2017