U.S. DEPARTMENT OF EDUCATION RELEASES EXPANDED COLLEGE SCORECARD

I remember when the College Scorecard was first released. The most striking thing about the scorecard wasn’t the just the data it provided about institutions, but rather the data it didn’t. First off, it excluded thousands of institutions, particularly for-profit colleges and schools with primarily non-degree certificate programs. Graduation data for non-first-time and non-full-time students weren’t included either, since the Scorecard then, only looked at first-time-full-time students, and the only information available on student debt was an institutional, not programmatic.

Following an executive order signed by President Trump last year, U.S. Secretary of Education Betsy DeVos released an expanded College Scorecard last month. According to an ED press release, “the tool now includes information on 2,100 additional postsecondary education options”. To be clear, that’s 2100 institutions that are now being included in search options for students, parents and others to aid them in making informed choices about the schools and programs they are interested in attending.

In addition to the inclusion of these schools, the new College Scorecard includes information about graduation rates for non-first-time and non-full-time students, and the percentage of students who transferred or were still enrolled in school. Cost, graduation rates, student demographics and other data will now be updated at multiple times each year instead of once annually; making use of the data institutions report three times a year to the IPEDS data system.

The expanded College Scorecard data also includes information on student loan debt, broken down by field of study. According to the Press Release, Secretary DeVos had this to say; “For years, the College Scorecard provided undergraduate loan debt information at only the institution-level even though the amount borrowed to attend school can vary substantially depending on which program the borrower is enrolled.”

As of today, the information in the expanded scorecard is only preliminary data. The U.S. Department of Education decided to release this data while asking institutions to update their historical enrollment data from which these loan debt metrics are derived. Later this fall, the Scorecard will be updated to include any adjustments institutions submit this summer. The deadline for such corrections is July 10, 2019