You may have noticed recently the federal government stepped in to help 18-year-olds with one of the biggest decisions of their lives – how to choose the right college. Although you don’t necessarily need a college education to have a successful career, the U.S. Department of Education estimates that a college graduate will earn one million dollars more on average over their lifetime when compared to someone with only a high school diploma. That figure alone makes attending college a worthwhile consideration.
But what college should you attend when there are thousands to choose from? Enter President’s Obama’s Consumer Reports-styled College Scorecard. It’s an initiative headed by the Dept. of Education where, “You’ll be able to see how much each school’s graduates earn, how much debt they graduate with, and what percentage of a school’s students can pay back their loans,” the President noted in a recent radio address.
The scorecard tool offers much more information than that however. Prospective students can input a college name into the site and receive all kinds of useful information about the school’s program. Among other things, potential schools can be sorted by location, size, degrees offered. The site is receiving rave reviews as the latest advancement in helping students choose the right college.
You will have to take some steps to make your college decision an easier one. There is simply too much money at stake for you to make the wrong choice. Here are the three most important things you can do.