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Hold Colleges Accountable for What Happens After Graduation -WSJ (1140 hits)

U.S. and state officials are intensifying efforts to hold colleges accountable for what happens after graduation, a sign of frustration with sky-high tuition costs and student-loan debt.

Sens. Ron Wyden (D., Ore.) and Marco Rubio (R., Fla.) are expected to reintroduce this week legislation that would require states to make more accessible the average salaries of colleges' graduates. The figures could help prospective students compare salaries by college and major to assess the best return on their investment.

A similar bipartisan bill died last year, but a renewed push has gained political momentum in recent weeks. "This begins to introduce some market forces into the academic arena that have not been there," said Mr. Wyden, adding that support for the move is unusually broad given the political divide in Washington. Rep. Eric Cantor (R., Va.), the House majority leader, said he intends to support a similar measure in the House.

High-school seniors now trying to decide which college to attend next fall are awash with information about costs, from dorm rooms to meal plans. But there is almost no easy way to tell what graduates at specific schools earn—or how many found jobs in their chosen field. Supporters say more transparency is needed as students graduate deeper in debt and enter the rocky job market.

The Wyden-Rubio bill doesn't spell out exactly how this information has to be assembled. The goal is that students and parents could use the U.S. Department of Education website to query data from all 50 states. But the bill relies on states to knit together wage data submitted by employers with information on graduates submitted by colleges.

Virginia, which recently began publishing wages by colleges and program on its own, linked these two data sets using Social Security numbers. It didn't publish the Social Security numbers.

A similar bipartisan bill died last year, but a renewed push has gained political momentum in recent weeks. "This begins to introduce some market forces into the academic arena that have not been there," said Mr. Wyden, adding that support for the move is unusually broad given the political divide in Washington. Rep. Eric Cantor (R., Va.), the House majority leader, said he intends to support a similar measure in the House.

High-school seniors now trying to decide which college to attend next fall are awash with information about costs, from dorm rooms to meal plans. But there is almost no easy way to tell what graduates at specific schools earn—or how many found jobs in their chosen field. Supporters say more transparency is needed as students graduate deeper in debt and enter the rocky job market.

The Wyden-Rubio bill doesn't spell out exactly how this information has to be assembled. The goal is that students and parents could use the U.S. Department of Education website to query data from all 50 states. But the bill relies on states to knit together wage data submitted by employers with information on graduates submitted by colleges.

Virginia, which recently began publishing wages by colleges and program on its own, linked these two data sets using Social Security numbers. It didn't publish the Social Security numbers.

Providing more information about outcomes will be a priority during President Barack Obama's second term, a Department of Education spokeswoman said. Last spring, the Obama administration began developing a "College Scorecard" that would add salary information for graduates and average debt load to existing data on costs, graduation rates and loan repayment rates. The Department of Education declined to detail how it might do this.

About 10 U.S. states already publish or are expected to start releasing this year data showing how salaries of recent graduates vary by school and program. The states include California, Florida, Tennessee, Texas and Virginia.

States typically match salary information from employers with separate data provided to states by colleges. The college lists typically include the course of study for recent graduates, the year of graduation and degree earned. The information is linked using Social Security numbers, though personal data isn't included in the final reports.

The state data have shortcomings. Paychecks for the same job can vary widely by location. Salary data don't reflect self-employed graduates or those who work for the U.S. government or move to another state.

Last year, Virginia lawmakers began requiring the State Council of Higher Education for Virginia to produce annual reports on the wages of college graduates 18 months and five years after they receive their degrees. Beginning this year, the reports must also include average student loan debt.

While it is still early, some students are already using the information in making decisions about where to go for graduate school, says Tod Massa, director of policy research and data warehousing for the State Council.

Among graduates who live in Virginia, the highest starting wages for a bachelor's degree were $56,400 for graduates of Jefferson College of Health Sciences, a Roanoke school that largely turns out nursing graduates.

That was 42% higher than the University of Virginia's average of $39,648. Overall, students with associate's degrees in technical fields, such as health care, earned more than recipients of bachelor's degrees. A spokesman for the University of Virginia declined to comment.

"It's much easier to plan when you have this information," said Jerusalem Solomon, a senior at Virginia Commonwealth University in Richmond.

At first, Ms. Solomon followed her parents' advice to pursue a major in the medical field because they assumed it had the best job prospects. Then she switched to public relations because she believes she can still earn a good salary doing a job she loves.

The California Community College Chancellor's Office soon will publish data showing median pay for graduates of more than 100 community colleges two years before they earn their degrees and two and five years after they graduate.

Florida officials will start publicizing later this year data showing, by school and major, the percentage of students who graduate and find jobs, their starting salaries and average debt loads. Florida community colleges already have begun posting data on their websites.

College Measures, a research group in Rockville, Md., that works with states to turn data they already have into information that can be used by the public, has prepared reports for Virginia and Tennessee. The group's president, Mark Schneider, expects to release data for Colorado this month and Texas soon afterward.

A version of this article appeared February 12, 2013, on page A1 in the U.S. edition of The Wall Street Journal, with the headline: Push to Gauge Bang for Buck From College Gains Steam.

By RUTH SIMON And MICHAEL CORKERY
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Tuesday, February 12th 2013 at 12:04PM
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