On September 12th, the U.S. Department of Education unveiled its revamped College Scorecard (click here to see it), a trove of online data to guide parents and students on where to enroll that can also be a source of religion angles. The Obama Administration wisely scrapped its controversial plan for a college rating system, something of a mission impossible, and instead compiled hard numbers that citizens can judge for themselves.
The broad economic context was analyzed that same weekend by National Public Radio’s Adam Davidson, writing in The New York Times Magazine. For example, median income adjusted for inflation has remained nearly flat since 1974 while tuition at private universities has roughly tripled, and has quadrupled at public universities. Meanwhile those pricey college degrees have increased in importance for many careers. As the new Web site proclaims, “On average, college graduates earn $1 million more over their lifetimes than high school graduates.”
Much of this information was already available in those ubiquitous college guidebooks or the College Navigator site from the government’s National Center for Education Statistics. But the new site crunches Internal Revenue Service data to report graduates’ earnings 10 years out and how many are managing to repay student loans.
The Chronicle of Higher Education, the field’s journalistic bible, notes an important gap: Those newly added numbers cover only students who received federal loans or grants. Also, they lump together all students at an institution while earnings vary wildly depending on academic subject. The American Council on Education complains that the feds produced this setup without any review by outside experts.
No religious campuses are among the feds’ list of 23 schools commended for low cost leading to high incomes.