This fall, President Obama will release a college-rating system that is likely to include graduation rates as a key measure of institutional success. That worries colleges, which have long complained that the official government figures leave out many successful graduates. The federal rate counts only first-time, full-time students who graduate within a certain time frame.
Look at the Education Department’s first Beginning Postsecondary Students longitudinal study, begun in 2003, and you’ll see several categories of students that the federal rate overlooks. <Read more.>