On a summer day in August 2013, Obama spoke to students at the University of Buffalo in New York about his plan to make a 4-year degree more accessible and affordable. According to Obama, the current higher education system is flawed in many ways that extend to college administrations and the states that help fund them.
Right now, states give money to colleges based on the amount of students they enroll. Obama wants to change this and have states give money to colleges that actually deserve it.
How does he plan to do this?
With an “opportunity” rating system that measures tuition costs, graduation rates, post-graduation earnings and other important factors that establish the degree of opportunity available to students at any given college. Students enrolled in colleges with higher ratings would receive larger federal grants and less costly loans.
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