Cost of college: Government push to gauge students’ bang for their buck gains steam
Sens. Ron Wyden (D., Ore.) and Marco Rubio (R., Fla.) are expected to reintroduce this week legislation that would require states to make more accessible the average salaries of colleges’ graduates. The figures could help prospective students compare salaries by college and major to assess the best return on their investment…
High-school seniors now trying to decide which college to attend next fall are awash with information about costs, from dorm rooms to meal plans. But there is almost no easy way to tell what graduates at specific schools earn—or how many found jobs in their chosen field. Supporters say more transparency is needed as students graduate deeper in debt and enter the rocky job market.
The Wyden-Rubio bill doesn’t spell out exactly how this information has to be assembled. The goal is that students and parents could use the U.S. Department of Education website to query data from all 50 states. But the bill relies on states to knit together wage data submitted by employers with information on graduates submitted by colleges.