Department of Education on Thursday released a report showing how colleges compare based on cost, graduation rate and post-graduation salary potential, among other data sets.
Along with the report, “Fulfilling the Promise, Serving the Need: Advancing College Opportunity for Low-Income Students,” is a website, collegescorecard.ed.gov, where information on colleges can be accessed.
The College Scorecard, presenting data for 4,193 schools, mainly focuses on four-year colleges and the number of low-income students using Pell Grant assistance to attend those schools. Johns County.
Flagler exceeded the national average for the three main criteria with an average annual cost of $21,011, a graduation rate of 64 percent and an average salary after attending of $37,200.
Sixty-seven percent of students return to Flagler after their freshman year, on par with the national average.
College Scorecard indicated 61 percent of Flagler students receive federal loans to help pay for college. The average monthly student loan payment for borrowers completing college, if the loans were repaid over 10 years at a 6 percent interest rate, is $262.
Eighty-eight percent of Flagler students have repaid at least $1 of the principal balance on their federal loans within three years of leaving school, well above the national average of 66 percent.
Just above 60 percent of students attending Flagler earn, on average, more than those with only a high school diploma.
College Scoreboard defines threshold earnings as the share of former students earning more than $25,000, or about the average earnings of a high school graduate aged 25-34, six years after first enrolling.
According to Flagler’s website, 90 percent of its students receive financial aid of some kind.
Flagler ranked sixth in U.S. The average monthly student payment for borrowers completing college, if the loans were repaid over 10 years at a 6 percent interest rate, is $144.
Sixty percent of SJR State students have repaid at least $1 of the principal balance on their federal loans within three years of leaving school.
Just under 50 percent of students attending SJR State earn, on average, more than those with only a high school diploma.
The Aspen Institute College Excellence Program recently named St. Counting them as a successful repayment can make the student loan situation seem better than it is in reality.”
The center’s report, “Scoring the College Scoreboard: What’s Good and What Needs Improvement,” acknowledged the new tool’s merit as “almost certainly the largest release ever of higher education data.”
The Education Department defended its calculations in a data documentation report accompanying the College Scoreboard.
“The College Scorecard project is designed to increase transparency, putting the power in the hands of students and families to compare colleges and see how well schools are preparing their students to be successful,” the department said.
