Tuesday, September 15, 2015

US News claims its college rankings are neutral. Baloney.

Robert Reich: What Every American Family Needs to Know About College

By Robert Reich / AlterNet
September 14, 2015

[The following story first appeared on RobertReich.org.]

After heavy lobbying from some of the nation’s most elite institutions of higher education, the President has just abandoned his effort to rank the nation’s 7,000 colleges and universities.

So, with college application season almost upon us, where should aspiring college students and their parents look for advice?

In my view, not U.S. News and World Report’s annual college guide (out last week).

It’s analogous to a restaurant guide that gives top ratings to the most expensive establishments that are backed and frequented by the wealthiest gourmands – and much lower rankings to restaurants with the best food at lower prices that attract the widest range of diners.

Without fail, U. S. News puts at the top of its list America’s most exclusive and expensive private universities that admit low numbers and small percentages of students from poor families.

These elite institutions also train a disproportionately large share of the nation’s investment bankers, corporate chieftains, corporate lawyers, and management consultants.

Around 70 percent of Harvard’s senior class routinely submits resumes to Wall Street and corporate consulting firms, for example. Close to 36 percent of Princeton’s 2010 graduating class went into finance, down from 46 percent before the financial crisis.

(Continued here.)

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