US Department of Education Launching College Scorecard a Digital Service Case Study Solution
The US Department of Education is launching a new college scorecard, a digital service, for students and educators. This is a major step in the development of the federal government's strategy to increase the number of college graduates, improve student success and prepare students for post-secondary education. However, it is important to understand that the launch of this digital service will take some time to fully develop and become operational.
Problem Statement
The US Department of Education's College Scorecard digital service is a web tool that helps high school students make an informed decision about which colleges to attend. It provides nearly 2,000 data points for over 7,000 schools.
During the last year, Scorecard attracted about 160,000 unique users. This is a significant increase from the previous year. Several external organizations have developed new tools using Scorecard data, including Google, Scholar Match, Propublica, and College Abacus.
College Scorecard is a valiant effort to fill the gaps in the federal postsecondary data system. In addition to the scores of graduates, Scorecard also includes earnings data, student completion information, and debt and repayment data.
Higher education is the single largest investment a student makes. Students and their families need accurate and current information about the value of higher education. But it can be difficult to find reliable information. That's why the Department of Education sought to develop a comprehensive college selection tool.
The Department of Education gathered data from several agencies. It also met with students, parents, and faculty to build a better, more user-friendly tool. They implemented an agile development methodology to keep the project on track.
The goal of the College Scorecard was to bring together data from several sources to help students make decisions about their postsecondary plans. After building the Scorecard, the Department of Education reworked the interface and released updates.
Case Study Solution
The US Department of Education has a College Scorecard digital service that helps high school students decide what college to attend. It links individual postsecondary institutions to the median income of graduates. These data are intended to help prospective students and their parents determine the best value for their money.
The scorecard also includes several metrics of interest, such as average annual cost and graduation rate. However, this data is derived from several different sources.
One of the most important features of the Scorecard is the ability to compare individual colleges against one another. The comparisons are based on two indicators of student excellence, which form 7% of the overall score.
Another key metric is the Salary After Attending. This is a very useful metric for prospective students and their families to evaluate the financial impact of attending a particular college. Data on this metric is obtained from various sources, including the IRS and the National Student Loan Data System (NSLDS).
Another feature of the Scorecard is the interactive web tool. It allows users to compare college options, and is a great tool for school counselors and researchers.
While the Scorecard does include some interesting information, it does require a few tweaks to its current design. For example, it is missing information on certain factors, such as the percentage of students who receive federal student aid.
Porters Five Forces
The Porters Five Forces of US Department of Education College Scorecard digital service is a new and improved version of a website launched by the Obama Administration in the last few years to help high school students and their parents decide which college to attend. The site is one of the largest and best of its kind. It is designed to be easy to navigate and use, while providing a wealth of useful information to prospective students.
In terms of technology, it is a cross-governmental consortium of the United States Digital Service, the Executive Office of the President, the Department of Education, and the General Services Administration. The US government has a history of innovation, particularly when it comes to putting information into the hands of the citizenry. This was on display in the new College Scorecard, which was designed to be an easy to use and useable resource for high school students, their families, and their teachers.
Although the US Department of Education College Scorecard digital service may be on the small side, the new model is a step forward, as it incorporates many of the features from the original, while incorporating some of the more sexy aspects of the online world. With the introduction of Google Chromecast, which can stream content from other third-party sources, and Amazon Fire TV Stick, which provides access to Netflix and other video services, this site has more than just digital streaming services to offer.
PESTLE Analysis
PESTLE is a type of external environment mapping tool. In a nutshell, it helps organizations to understand and manage the risks, opportunities and threats that they face. It consists of a series of logical steps and a variety of templates and tools. Whether you are looking to launch a new website, improve supply chain efficiency or evaluate the impact of a new regulation, you can find the answers with PESTEL.
PEST isn't a complete solution, but it does provide the foundation for many of the most important decisions a business makes. For instance, you may need to know about socio-cultural and technological factors if you are to create a successful marketing campaign or if you are to design a supply chain that is free from dubious or illegal practices.
The real test is whether the information you glean will actually be used by you or your organization. Getting the right information at the right time can make all the difference between success and failure. You don't want to be caught off guard by a competitor's product announcement or an upcoming regulation. Luckily, there are a number of free, web-based and offline resources that can help. These range from social media to industry press to financial news.
While PESTLE is a complex undertaking, the best way to go about it is to follow a few simple rules of thumb. One rule of thumb is to use the most comprehensive data set you have. Another is to run the analysis using examples and not just a single slide on a single page.
Financial Analysis
One of the most useful tools that the federal government has released is the College Scorecard. It provides students and families with valuable data on college earnings.
The scorecard measures the economic return of a college degree and the relative performance of different institutions. It is not a replacement for IPEDS, the federal postsecondary data system. However, it is a major improvement over previous government data collections.
While the scorecard does not include all colleges or all students, it is a great resource for comparing data nationally and across schools. Additionally, it is easy to navigate and readable.
There are a number of factors to consider before utilizing the Scorecard to make financial decisions. First, it should be noted that the Scorecard does not provide information on earnings for out-of-state students.
Another important metric that the Scorecard provides is the 10-year net present value (NPV). NPV is calculated by subtracting the cost of a college degree from the expected benefits.
This metric is a good decision making tool because it shows the cost of getting a college degree and the amount of money the student will earn in the future. Also, it is a measure of the downside risk associated with attending a public four-year institution.
It also shows that most college graduates face financial challenges within the first decade after graduation. They may have difficulty repaying loans, purchasing their first home, and starting a family.
Recommendations
The US Department of Education's College Scorecard digital service provides useful information for high school students and parents to make informed college selections. In addition to providing data, the site is user-friendly. It is easy to navigate and offers a simple, mobile-centric layout.
During the past year, the Scorecard was accessed by more than 160,000 unique users. Most were in-state and out-of-state students.
This data is available for first-generation students, Pell Grant recipients, and a range of other subgroups. However, the overall rankings are not yet available.
Thousands of colleges have different locations, costs, and majors. Because of this, it can be difficult to choose the right one. By using the Scorecard, students can compare the cost of schools by location and field of study.
A variety of new metrics has been added to the Scorecard to provide more accurate information about institutional performance. These include graduation rates, completion and transfer rates, and repayment rates.
One of the most significant issues is the lack of reliable data on loan repayment. As a result, many students are concerned about the value of their education. Many of these students struggle to find jobs that allow them to pay back their loans.
Although the Scorecard does not provide salary data, it does provide a number of other resources. For example, if a student is interested in a particular field, he or she can use the Big Future feature to compare potential career paths. Likewise, students can search for certification programs.
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