You’re Welcome, Cash-Strapped Future College Students of America

During the State of the Union, one part in particular stood out to us here at Monthly HQ. It was during the section on education (starting at about 4:15):

From the transcript:

Through tax credits, grants, and better loans, we have made college more affordable for millions of students and families over the last few years. But taxpayers cannot continue to subsidize the soaring cost of higher education. Colleges must do their part to keep costs down, and it’s our job to make sure they do. Tonight, I ask Congress to change the Higher Education Act, so that affordability and value are included in determining which colleges receive certain types of federal aid. And tomorrow, my Administration will release a new “College Scorecard” that parents and students can use to compare schools based on a simple criteria: where you can get the most bang for your educational buck.

In our 2012 College Guide issue, we introduced a new metric along precisely these lines. Nice to know President Obama is reading his Monthly.

@ryanlcooper

Ryan Cooper

Ryan Cooper, a contributing editor of the Washington Monthly, is currently the Washington correspondent for The Week.