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.
Obama will unveil his proposals for making college more affordable Thursday when he starts a two-day bus tour through New York and Pennsylvania.
Officials say the president will call for changes in the way college is paid for, with the understanding that government assistance alone cannot keep up with skyrocketing education costs. According to Obama administration estimates, average tuition costs at four-year public colleges have more than tripled over the past three decades.
The plan would require congressional approval.