President Obama is touring the country promoting his new proposal for paying for college.
The Department of Education is planning to develop a rating system for colleges that will help decide which students will receive additional aid from the government.
Students attending the higher-ranked schools will be eligible for more tuition help.
The rating system is comprised of the following three quantitative elements:
- Accessibility. Are the colleges accessible to low-income students?
- Affordability. Are the colleges inexpensive?
- Outcomes. Are the students successful? Did they graduate?
Since everyone is interested in which schools will win out, we built a model to give a rough estimation of the future scores of schools.