College Scorecard Publishes New Loan Repayment Rate Data to Help Students Make Informed Choices

What happens to student borrowers after they finish or leave school and start paying down their federal loans?  While many students look at, and many colleges promote, salaries of graduates, considering the student loan repayment rates of former students can provide a broader picture of financial wellness after attending a school. College Scorecard, a U.S. … Read more

College Scorecard Launches New Tools to Help Students Find the Right Fit

College Scorecard is an interactive website that helps students find the right fit after high school. It provides students access to data on the cost of college, potential post-graduate debt and earnings based on fields of study (including for certificate programs, 2-year degrees, 4-year degrees, and graduate programs), and institutional graduation rates. College Scorecard also provides a link to information on apprenticeships. If you’re trying to figure out the next step on your learning journey, College Scorecard is the right place to start.

Today, the U.S. Department of Education launched new updates to the College Scorecard, including a new tool that allows users to find, compare, and contrast different fields of study more easily. Whatever you might be interested in, whether it be agriculture, computer science, nursing, welding, etc., a certificate, associate’s degree, or bachelor’s degree, you can now use the tool to make side-by-side comparisons for fields of study across and within colleges and universities that interest you.

College Scorecard is also pleased to announce the addition of new data on the typical earnings of graduates two years post-graduation for individual fields of study. Previously, only first-year post-completion earnings were available by field of study. Each year, as more and more data become available, the College Scorecard will continue to expand upon earnings data points further out into the future to give students a better sense of earnings potential.
College Scorecard continues to provide information on the typical amount of federal loan debt of students. Today’s new additions include more information on the loan debt of students who transfer from one school to another. For example, students who transfer from community colleges to four-year institutions. Also, look for newly published data on the amount of federal debt parents take out to help their children pay for school. Taken together, these enhancements provide a fuller picture of the typical amount of federal debt students and families may be expected to incur when deciding among programs and across institutions.
College Scorecard continues to improve as a free resource to prospective students to help them find the right college fit. For more information on these new features and to launch a college search today, visit collegescorecard.ed.gov.
Brian Fu
Office of the Chief Data Officer, OPEPD