Right now, the Scorecard gives average earnings received after attending each school. Thus a large number of students – sometimes even a majority – of students are excluded, so reported earnings data may not accurately represent the student body as a whole. By providing average earnings by major, prospective students can gain much better information on the institution best for them. The earnings data still are useful, even though there is also other useful information of interest to prospective students. That said, however, the Department exists, and it (or companion federal agencies) collect lots of useful information, information that can help consumers, university officials and governmental policy makers make intelligent resource decisions.

Source: Forbes August 20, 2018 12:56 UTC