UMass President Backs Obama's College Cost Plan

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University of Massachusetts President Robert Caret said he's backing President Obama's college cost-control plan.

Obama toured colleges and high schools in New York and Pennsylvania this week calling for creation of a new government ratings system for colleges that would evaluate institutions on tuition prices and perhaps eventually link those ratings to federal financial aid allocations.

Caret said in a statement that Obama "has focused on the key issues: institutional and student accountability, standards, expected outcomes and transparency."

Caret also said the "current system isn't meeting the needs of students and falls short of meeting our social and economic needs."

Obama opened his bus tour Thursday with stops in Buffalo and Syracuse, N.Y. It wrapped up Friday night in Scranton, Pa.

This program aired on August 24, 2013. The audio for this program is not available.