Speaking at the University of Buffalo, President Barack Obama today unveiled an ambitious new plan for the federal government to create a national rating system that will define what a good college is and financially reward or punish colleges depending on how they rank in the government’s system.

He said he intends to have the rating system in placed by the fall of 2015 and intends to work with Congress to enact legislation linking federal aid to colleges to the rating system.

As outlined by Obama, this rating system would look at essentially materialistic and financial characteristics of a college as opposed to intellectual and moral ones.

For example, as the president described it, the rating system will not measure how many of a school’s graduates go on to become exemplary and virtuous in the conduct of their personal and public lives, but it will measure things such as “how many students graduate on time,” “how well do those graduates do in the work force,” whether the college is “helping students from all kinds of backgrounds succeed,” and “how successful colleges are at enrolling and graduating students who are on Pell Grants.”
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