Last August, President Obama outlined an ambitious plan to increase value and affordability in postsecondary education. There were a number of commitments he made in his proposal, and, today, the U.S. Department of Education is announcing further action on the President’s initiatives.
President Obama told students and families that helping to ensure their debt is manageable is a priority, and equipping counselors and advisers with the resources they need to help students prepare for higher education and understand college costs is a key component. To meet these goals, the Department has launched a “one-stop shop” for guidance counselors, college advisers, mentors and volunteers to assist students through the process of choosing and financing their higher education.
The Financial Aid Toolkit, available at FinancialAidToolkit.ed.gov, consolidates financial aid resources and content into a searchable online database. That makes it easy for individuals to quickly access the information they need to support students on their path to college, including details on how to apply for financial aid along with presentations, brochures and videos.
By equipping counselors and advisers with financial aid information in an easy-to-use format, we can help to ensure that current and potential students get the assistance they need to successfully navigate the process of planning and paying for a postsecondary education.
Request for input on college ratings
President Obama also directed the Department of Education to develop a ratings system to identify colleges that provide a good value and to increase college affordability information available to students.
This fall, Department officials have been traveling to cities across the country, listening to hundreds of students, parents, college leaders, state officials, education organizations and many others about their ideas on how to best craft a college ratings system that would better inform students and encourage institutions to improve. This week the Department will submit a Request for Information (RFI) to publish in the Federal Register asking experts and researchers to weigh in.
This RFI will complement the ongoing engagement efforts to inform the development a college ratings system that is useful to students and takes into account the diversity of America’s colleges and universities. The Department will continue to encourage the public to share ideas through firstname.lastname@example.org.
Call for new ideas and innovations in higher education
Another major component of President Obama’s plan is to encourage innovation. More Americans are looking for college options that offer a good education at an affordable price. Innovation offers the potential to dramatically reshape and improve postsecondary education in ways that increase value by raising quality and decreasing costs. This is a pivotal moment, and we want to do all that we can to encourage responsible innovations in higher education that build on promising practices and develop an evidence base so that the highest-impact practices can be identified, replicated and eventually brought to scale.
To encourage innovation, the President directed the Department of Education to shine a light on effective, innovative practices and challenged leaders from across the nation to accelerate innovation and build on success. Further, he directed the Administration to encourage these ideas by removing regulatory hurdles, increasing access to federal databases and simplifying pathways to higher education. To do so, the U.S. Department of Education will launch a limited number of “experimental sites” to test new ideas. This authority under Title IV of the Higher Education Act (HEA) allows the Secretary to waive specific Title IV, HEA requirements regarding the federal student financial assistance programs to allow for responsible innovations coupled with evaluations of their effectiveness. Today, we are asking the public, including the higher education community and others with a stake in a more educated workforce and society, to send us ideas for experimental sites.
We invite input from a diverse array of stakeholders on topics to spur responsible innovation that increases college value and affordability. In August, President Obama identified several promising areas where innovative practices could do so. These include:
These are just some of the many areas where innovative experiments could advance our evidence base about approaches to increasing college value and affordability. We look forward to receiving your additional ideas. For more information on how to submit an idea, please review this Federal Register notice or the Department’s Dear Colleague Letter. The deadline for submissions is Jan. 31, 2013.
The U.S. Department of Education seeks to launch experiments that allow innovation to flourish, while also protecting taxpayer resources and building the research base for what works. In all of the Department’s efforts to encourage innovation and enable colleges and universities to increase quality while reducing costs, we value the input and partnerships with the postsecondary education communities and stakeholders so ultimately, millions of Americans can access a high-quality higher education.