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Obama Wants Parents to Know What Kids Will Earn Post College

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Families could steer their children toward colleges churning out graduates who make a good living 10 years after graduation, according to an Obama administration proposal for a new higher-education rating system.

The ratings may also favor schools where diplomas lead recent grads to jobs with salaries sufficient to cover living costs and repay student loans. A draft plan, being released today, aims to measure affordability and value at more than 5,000 U.S. colleges.