Russ Poulin at WCET has a handy summary of the new College Scorecard produced by the Education Department (ED) and the White House. This is a “first read” given the scorecard’s Friday release, but it is quite valuable since Russ participated on an ED Data Panel related to the now-abandoned Ratings System, the precursor to the Scorecard. Russ describes the good, the “not so good”, and the “are you kidding me?” elements. One area in particular highlighted by Russ is the usage of the “dreaded first-time, full-time completion rates”:

I knew this would be the case, but it really irks me. Under current data collected by the Department’s IPEDS surveys. They the group on which they base their “Graduation Rate” as: “Data are collected on the number of students entering the institution as full-time, first-time, degree/certificate-seeking undergraduate students in a particular year (cohort), by race/ethnicity and gender; the number completing their program within 150 percent of normal time to completion; the number that transfer to other institutions if transfer is part of the institution’s mission.”

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