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College ratings system proposed by Obama is scrapped

Nearly two years ago, President Obama proposed a federal system to rate the nation's colleges and universities, one that would provide families with an objective and unified tool to compare schools and for taxpayers to determine whether the massive investments in scholarships and other government spending on higher education are worthwhile.

The idea, however, was met with protests and concerns from college leaders who contended that it was misconceived and could unfairly pit schools against each other.

After repeated delays and many consultations with skeptical college leaders, the ratings system was recently scrapped.

White House officials say that pushback from the higher education industry and congressional Republicans did not lead to the retreat.