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Obama to Propose New System for Rating Colleges

President Barack Obama
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WASHINGTON (AP) — President Barack Obama is proposing a new rating system for colleges aimed at helping students identify affordable institutions.

The new ratings would be published before the 2015 school year. The White House says the president ultimately wants the ratings to be tied to federal financial aid.

The plan would require congressional approval.

Obama will unveil his proposals for making college more affordable Thursday when he starts a two-day bus tour through New York and Pennsylvania.

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