BGSU pleased with its ‘score’ PDF Print E-mail
Written by JAN LARSON McLAUGHLIN Sentinel County Editor   
Thursday, 14 February 2013 11:49
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University Hall at BGSU. (Photo: Shane Hughes/Senitnel-Tribune)
A new scorecard system has been created to help parents and prospective students navigate the maze of college costs and quality.
President Barack Obama announced Tuesday evening during his State of the Union address that the federal government was about to release a ranking system that might help people decipher information from colleges.
Obama said the scorecard would help families "get the most bang for your educational buck."
Bowling Green State University officials are pleased with their ranking in the scorecards.
"It's good to see Bowling Green fares very well," said Gary Swegan, director of admissions for the university. "We're always in favor of anything that make deciphering the confusing world of higher education easier for the consumer."
The scorecards that went online at whitehouse.gov/scorecard, rank schools in five categories:
• Cost. The rankings list the average net price for undergraduate students after grants and scholarships are subtracted.
• Graduation rate. The rate is based on students getting their bachelor's degrees within six years, and includes undergraduate students who enrolled full time and have never enrolled in college before. 
• Loan default rate. Percentage of students who default on their federal student loans within three years is listed.
• Median borrowing: Ranking lists the typical monthly loan payments over 10 years.
• Employment. The U.S. Department of Education is still working to gather data on average earnings of former students at each school.
Though some criticisms have been made about rather outdated data being used, and the ranking comparing "apples and oranges," Swegan said overall the scorecards have value.
"It's a good faith effort" to make college choices understandable, he said. "This information is usually hard to decipher."
And unlike other national rankings that have allowed colleges to manipulate criteria, the national scorecard appears to be more of an accurate portrayal of real data, Swegan said.
"I suspect this is as good as it can get," he said.
Following is a list of scorecard ranking for some Ohio schools:
• BGSU: $16,184 average cost; 57.9% graduation rate in six years; 6.8% loan default rate; $208.58 typical monthly loan payment over 10 years.
• University of Toledo: $13,065 average cost; 46.3% graduation rate in six years; 9.7% loan default rate; $178.37 typical monthly loan payment over 10 years.
• Ohio State University: $19,082 average cost; 79.9% graduation rate in six years; 5.6% loan default rate; $212.90 typical monthly loan payment over 10 years.
• Ohio University: $18,142 average cost; 65% graduation rate in six years; 8.7% loan default rate; $158.24 typical monthly loan payment over 10 years.
• Miami University: $22,210 average cost; 81.5% graduation rate in six years; 8.2% loan default rate; $195.64 typical monthly loan payment over 10 years.
• Kent State University: $17,489 average cost; 49.5% graduation rate in six years; 8.6% loan default rate; $191.32 typical monthly loan payment over 10 years.
• University of Akron: $14,601 average cost; 38% graduation rate in six years; 11.1% loan default rate; $182.45 typical monthly loan payment over 10 years.
• University of Cincinnati: $18,131 average cost; 58.7% graduation rate in six years; 8.9% loan default rate; $184.13 typical monthly loan payment over 10 years.
• Cleveland State University: $12,768 average cost; 29.9% graduation rate in six years; 9.7% loan default rate; $192.76 typical monthly loan payment over 10 years.
• Wright State University: $15,886 average cost; 40.3% graduation rate in six years; 8% loan default rate; $169.19 typical monthly loan payment over 10 years.
• Owens Community College: $6,842 average cost; 7% graduation rate in six years; 20% loan default rate; $100.61 typical monthly loan payment over 10 years.
Last Updated on Thursday, 14 February 2013 11:52
 

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