The White House released a revamped online tool Saturday designed to provide prospective students and their families with more information about colleges and universities. The College Scorecard is a search tool — not a ranking system — that allows people to search for schools by location, major, and student body size, among other attributes.
The tool draws on a massive database of income taxes from students who have received Pell Grants and student loans since 1996, using information compiled by the Department of Education and the Department of Treasury. That means it's possible for low-income prospective students to easily access vital information about the schools they're interested in attending: graduation rate, average annual cost, and average salary students on aid earn 10 years after enrollment.
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