"Consequently, colleges compete on measures that factor into popular rankings such as average SAT scores and student-faculty ratios rather than quality and price," Akers and Chingos write.
Because such college rankings (including those of U.S. News) and ratings have been around for several years and still meet with criticism, "to think the Department of Education is going to come up with a ranking system that is going to be welcomed by everybody, I think is naive," Ebersole says.
"I think the biggest problem overall is that we do not have a government system that deals all that well with complexity," Ebersole added. "Our search for simplistic answers is going to do somebody a disservice. I'm not sure who it will be, but I guarantee you somebody is going to be discriminated against, or disadvantaged as a result of our attempt to just simplify everything."