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The U.S. Department of Education will release a much-anticipated outline of its college ratings system on Friday, according to several sources familiar with the department's plans.

Department officials have indicated to a handful of college leaders and higher education associations that they will publish Friday a draft framework that includes the metrics on which colleges would be rated by the federal government.   

This will be the first look at how the department intends to structure the federal college ratings system, which President Obama announced in August 2013. Department officials have twice delayed the release of its draft proposal, which was originally expected last spring.

Undersecretary of Education Ted Mitchell said in an interview earlier this month that the draft outline would not include the names of specific colleges or universities, nor would it show how institutions perform under the draft metrics.

The department will solicit public input on the framework during the next couple months with a comment deadline of mid-February, several sources said.