A think tank's relatively crude analysis of how colleges might fare under a system that rated them on access, affordability and student success finds few institutions scoring high marks on all three, as it chooses to define them. The report by the American Enterprise Institute's Center on Higher Education Reform -- trying to anticipate how an Obama administration plan to rate colleges might play out -- examines the performance of 1,700 four-year colleges on three metrics: the proportion of their undergraduates who are eligible for Pell Grants for needy students, the six-year graduation rate of their students, and their net price -- all of which it concedes are imperfect, if not seriously flawed, measures.
It then plots the institutions on a scatter chart (see an interactive version here), and notes that just 19 colleges score at what it deems an appropriate level on all three measures: graduation rate above 50 percent, net price under $10,000, and Pell Grant percentage of at least 25 percent.
With its simple formula and and unimpressive results, the report may affirm the worst fears of some critics of the Obama plan. But they are likely to agree with the authors' points about the warnings about some of the pitfalls facing the designers of the new system and at least some elements of the report's conclusion: