Nearly a decade after the Obama administration broached the idea of rating colleges and universities, the Biden administration is ready to take another crack at the historically fraught concept. This time around, the administration is planning to publish a list of programs that are considered to have a low financial value to students and taxpayers. But first the department must decide how to determine which programs have low financial value—a question that’s been the subject of much research but no clear consensus. Unlike such efforts in the past, the list is expected to include many kinds of institutions, not just a focus on for-profits.
