When President Obama arrives in Scranton Friday evening he'll make his fourth sales pitch in two days for a proposal to evaluate colleges using a new rating system that will factor cost and graduation rate intended to hold schools accountable for their overall performance.
The new ratings system, which Obama wants made public before the 2015 school year, would eventually tie financial aid to college's scores. Students choosing high performing schools would be eligible for more aid.
Additionally, the White House will ask states to fund public colleges based on performance, and link aid to earning a degree as an incentive for students to finish school, the White House announced Thursday.
In a call with reporters ahead of Obama's high school and college campus tour through upstate New York and ending at Lackawanna College, Cecilia Munoz, director of the Domestic Policy Council, said Obama wants to "shake up the system" and give students and middle class families guidance to make informed decisions about their college education.
The ratings system can be developed by the administration, but linking it to financial aid will require congressional approval. The president will also expand caps on federal student loan debt to all students, ensuring borrowers' payments are capped at 10 percent of their monthly income.
Pennsylvania undergraduates living on campus at public colleges and universities pay on average $24,713 annually. Graduating seniors in Pennsylvania who took out loans have about on average $29,959, according to a fact sheet released by the White House.
Obama's on-the-road higher education push is an effort to keep focus on domestic economic issues that have been overshadowed this year by scandals like the NSA leaks and the violence in Egypt.Copyright © 2015, The Baltimore Sun