As you guys may be aware Yahoo! News has recently written an article that on December 11, 2013 the administrator will hold a day-long submits at the White House. The meeting is called College Submit and stated that “President Barack Obama is summoning college presidents and business leaders to a daylong Dec. 11 summit at the White House to discuss specific ways to make higher education more accessible to low-income students”. The report continues announcing that “The Dec. 11 summit is being run by the National Economic Council, the Domestic Policy Council, and the Department of Education, and will serve as the launching pad for a college affordability drive that will likely run for months — potentially right up to the November 2014 elections. First lady Michelle Obama is expected to play a role in next week’s kickoff event and going forward”.

The College Submit indicates that the newly proposed College Affordability Rating (CAR) will be promoted, campaigned and will become the law of the land in the future.  It will have big financial impacts and may affect the existence of some colleges if the CAR becomes the law.  AAEA has published the ‘PROXY RATINGS” to help US colleges to anticipate the impacts that it may have on them.

Please let us know what you guys think?