President Obama unveiled a plan on Thursday that would, for the first time, tie federal student aid to a new rating system for colleges and universities, NPR reports. While the president's message that higher education costs should be reined in was simple enough, is anything but.

Beginning in 2018, the administration wants colleges and universities that depend on federal aid to disclose exactly what their tuition and fees cover, how many low-income students a school admits, graduation rates, how much debt students graduate with and whether they find good-paying jobs after graduation.

Based on this information, the U.S. Department of Education would...

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