The New College Ratings Tool: Do You Know What to Expect? (EDU651K)

Presented By: Yolanda R. Gallegos
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Event Details
  • Pre-recorded Webinar
  • 60 minutes
  • Thu, July 16, 2015
Event Description

Don't Be Caught Off Guard. Know What To Expect When the New College Ratings Tool is Rolled Out in September 2015

'Families and taxpayers can't just keep paying more and more into an undisciplined system where costs just keep on going up and up and up. We'll never have enough loan money; we'll never have enough grant money to keep up with costs that are going up 5, 6, 7 percent a year. We've got to get more out of what we pay for.' ~President Obama

During his 2012 re-election campaign, President Obama promisesd to 'shake up' higher education with a postsecondary institution rating system (PIRS). As originally planned, by September of this year, as high school students returned to their clanging lockers, the U.S. Department of Education (ED) would be rolling out a new college rating system that would ultimately, radically change the system of disbursing federal student financial aid.

However, amid strong opposition even among supporters of the administration, the President has retreated from his original vision of rating institutions. Instead, ED will be releasing a "college ratings tool" which will disclose new data on institutions, but not rate them. Uncertainty once again clouds the ultimate features of this "college ratings tool" as it will be published in its final form without prior notice and comment under the Administrative Procedures Act.  It is expected, however, that the tool will disclose data on all degree-granting institutions (for-profit, public, and not for profit) in the United States on the basis of outcomes, affordability and access.

This webinar with expert speaker Yolanda R. Gallegos will summarize and explain the new data expected to be released which includes:

  • Significantly expanded disclosures either on the White House's College Scorecard website, College Navigator, or possibly an entirely new website.
  • Disclosures on subjects previously not evaluated, such as:
    • Performance on EFC Gap metric;
    • Family Income; and
    • Labor Market Success

If this new ratings tool has not been on your radar yet, it is time that you understood its features so that you can assess your institution's performance and prepare to respond to inquiries about your institution's disclosures.

Session Highlights:

  • EFC Gap: Average difference between some focal EFC level and each student's individual EFC.
  • Family Income Quintiles
  • First Generation College Status
  • Average Net Price
  • Net Price by Quintile
  • Completion Rate
  • Transfer Rate
  • Labor Market Success
  • Graduate school attendance of former students within a certain period of time of graduation from institution
  • Various Loan Performance Outcomes

Other Important Topics Discussed in the Session:

  • Data deficiencies that could distort your institution's ratings.
  • Differences in the manner in which similar evaluative criteria will be presented for the College Ratings tool versus for Gainful Employment metrics and how such differences can cause confusion with the public.

Who Should Attend

  • Officers, deans, and executives of degree-granting public, non-profit, and private sector (for-profit) colleges and universities.
  • Investors in private sector postsecondary institutions
  • Career placement professionals
  • Postsecondary financial aid professionals
  • Postsecondary regulatory and compliance professionals
  • Marketing managers

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About Our Speaker(s)

Yolanda R. Gallegos
The Gallegos Legal Group, founded by Yolanda Gallegos, is a national education law practice, representing colleges and universities around the country. Gallegos Legal Group specializes in higher education regulatory compliance and risk management in areas associated with federal student aid, student grievances, civil r... More info