In new draft, U.S. panel endorses specific ideas for reworking higher education accreditation, including keeping link to student aid and defining common data for accreditors to use in judging colleges.
The Department of Education admits failing to include black students in its calculation of loan repayment rates in run-up to gainful employment. The mistake will fuel for-profit claims of unfair treatment by feds.
General Assembly, the largest of the skills boot camp providers, today released a public framework for measuring student outcomes. Boot camps are not accredited. And while many claim job-placement rates of more than 90 percent, those numbers typically are not verified by outside groups. But Skills Fund, a student lender for boot camps, and other players are seeking to play that role.
To design its standards for reporting and measuring student success, General Assembly worked with two major accounting firms to craft an approach public companies use to measure nonfinancial metrics such as social impact and environmental sustainability.
"Our goal is to start a conversation about outcomes predicated on the use of consistent definitions and the application of a rigorous framework and methodology," the company said. "Over time, we hope to develop new measures of return on education that consider income or other criteria that can be used by students and other stakeholders to understand student success in even more specific and granular ways."