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Washington, D.C. – U.S. Senators Marco Rubio (R-FL), Ron Wyden (D-OR) and Mark Warner (D-VA) today introduced legislation that would provide college-bound students powerful new tools for comparing colleges and universities on measures such as total cost, time to completion, and potential earnings.

“The Student Right to Know Before You Go Act” would make publicly available key facts for each college and university, including earnings data for graduates, graduation rates for students, transfer rates, frequency with which graduates go on to pursue higher levels of education, and debt levels.

Under the bill, this information would be made available online in an easily accessible format. Individual privacy would be strictly maintained with safeguards to ensure that no personally identifiable information could ever be disclosed. The system would also be subject to audits to ensure data quality, validity and reliability.

“Students preparing to make one of the most important investment decisions in their lifetime deserve access to as much information as possible about what kind of return they can expect on their college degree choice,” Rubio said. “The Student Right to Know Before You Go Act will provide meaningful, easily accessible data to make higher education decisions easier and more cost-effective for students and their families in the 21st century.”

“There’s no question that a college degree is worth it, but students and their families today are forced to make their higher education decisions with unacceptably little information,” Wyden said. “College is one of the most important and expensive investments people make in their lifetime. It’s only fair and reasonable that students can compare schools and programs of study based on outcomes and cost. This bill is a big step forward in providing that critical information so students can make the best and most clear-eyed decision possible.”

“Many high school seniors who are heading to college this fall have just paid their tuition deposits, and they likely have real questions about what value they are getting for their money,” Warner said. “They deserve some answers. This bipartisan legislation will combine relevant information in a rational way so that students and their families can access comparative information on which colleges and which majors will help them find a good job after graduation. Our legislation will connect the information already collected by states and schools and post it online, where it will be accessible directly to students as they make one of the most important investments of their lifetimes.”