Thursday: Clarkson Backs President's Call For College Report Cards
President Obama's plan to give colleges report cards got a favorable review Thursday from the president of Clarkson University.
In a tour of upstate New York that included stops in Buffalo and Syracuse, the President called for a new government rating system for colleges that will judge schools on affordability and performance and could be used to determine how federal financial aid is disbursed.
A statement issued Thursday evening under the names of Clarkson president Anthony Collins and Kelly Chezum, the university's vice-president for external relations, notes "Clarkson is ready for the Obama score card, as the institution has a long history of prioritizing access to education for all qualified students who seek to enroll and remains committed to having the greatest share of its alumni contributions and endowment go to student aid and education."
"You and President Obama can count Clarkson University among the private higher education institutions that have no problem being held accountable to standards that measure how well we prepare students for remarkably successful careers and for ensuring access to education for all qualified students."
According to the statement, the typical cost to educate a Clarkson student is $53,808 a year, and last year, Clarkson awarded an average aid of $26,459 per student.
The average starting salary for new Clarkson graduates is $57,900, according to a study quoted in the Clarkson statement.
The attention to school costs comes after Obama and Congress recently cooperated on a new law governing student loans. But Obama said Thursday that loan amounts aren't keeping up with skyrocketing college costs.
He said: "Higher education cannot be a luxury, it's an economic imperative. Every American family should be able to get it."
Friday, July 25, 2014, Watertown, NY
On Wall Street