Training his eyes on rising college tuition fees, President Obama has announced a plan to tie federal aid to a new federal scorecard that rates universities based on “affordability and accessibility.” But taxpayers should grab their wallets because the upshot of this plan, notes Reason Foundation Senior Analyst Shikha Dalmia in the USA Today this morning, would be that universities graduating more low-income Pell grant students would get a higher rating. “Existing federal aid will justify more future federal aid,” she notes. “The ratings would promote political, not educational, goals.”

The last thing that the world needs is yet another flawed ratings plan. There is a better way to prod universities to be more cost effective.

Go here to find out what it is.