The Department of Education unveiled a pop-up window on Monday that included a list of schools flagged as producing graduates who make less than the national average.
A college scorecard now appears when students fill out their Free Application for Federal Student Aid. As students file for federal grants to pay for school, FAFSA may flag that “students graduating from some of the schools you selected don’t always earn more money than people with only a high school diploma.”
This effort is meant to help “students and families make data-driven decisions before taking on extreme debt,” according to the Department of Education.
The FAFSA submission summary grades schools as “lower earnings” in a database available on its website. The data takes into account state, private, and trade colleges.
California tops the list of “lower earnings” schools with 132 schools. New York is next with 70 “lower earnings” colleges.
RESTORING AMERICA: COLLEGE-BOUND STUDENTS FINALLY GET A FUNCTIONAL FAFSA
When it comes to the bottom of the list, Hawaii, Rhode Island, and South Dakota are tied with three “lower earnings” colleges each.
Nationwide, there is $1.65 trillion of student loan balances according to the Federal Reserve Bank of New York.
