Chad Binette is a spokesperson for the University of Central Florida, and he was more than happy to guide me around UCF's online profile on President Obama's newly unveiled College Scorecard. He says UCF rated well on the site's basic premise, which is getting the most educational bang for your buck.
At $12,358 a year, you can see that net cost comes in the "low" range of costs among colleges and universities. And if you're jaw is on the floor, take a deep breath because tuition is about half that amount.
Binette explains, "That's taking into account transportation, housing, personal expenses, and stuff like that."
The University of Florida comes in even lower by, about $1,000. So, if you know which school you're looking for, you can type it in the search bar on the College Scorecard website, and it's simple to get that school's profile.
"We rated well in all the categories, from being affordable to having a high graduation rate, to students not having to borrow a lot of money," Binette says.
The government is still trying to quantify another component: what types of jobs graduates of each school typically get.
When you start to search by characteristics, it's not that forthright. Yes, the characteristics chosen by the Department of Education are good, but the site doesn't easily quantify this info for you. You have to try a few different searches.
But overall, Binette says the site is a step in the right direction, helping families choose the right college, and, at least in theory, get better results.
Binette says, "Certainly, it's not the only tool out there,; but if you combine this with the other tools out there, I think it's very helpful."
Some critics of the site say they are concerned families and students won't even know about it. They are pushing it be mandated that the site be included on the websites of all colleges and universities.