{"id":51648,"date":"2025-01-27T20:19:21","date_gmt":"2025-01-27T20:19:21","guid":{"rendered":"https:\/\/peraltafinancing.com\/american-history\/the-college-curious-need-new-esg-ratings\/"},"modified":"2025-01-27T20:19:21","modified_gmt":"2025-01-27T20:19:21","slug":"the-college-curious-need-new-esg-ratings","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=51648","title":{"rendered":"The College Curious Need New \u201cESG\u201d Ratings"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-body-5254710213414592413\" itemprop=\"description articleBody\">\n<p>The publication of <a href=\"https:\/\/www.jamesgmartin.center\/2023\/11\/college-rankings-can-still-get-better\/\" target=\"_blank\">this two-parter<\/a> by the Martin Center reminded me that I had drafted something on the topic of college ratings but dropped it. Here it is for your edification and &#8220;enjoyment&#8221;:<\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">Those<br \/>\ninterested in attending, or sending their children, to university must decide<br \/>\nif the time and monetary investment is worth it and, if it is, where to spend<br \/>\ntheir precious dollars. Strident claims by presumably knowledgeable government<br \/>\nofficials that student loans should be wholly or partially forgiven suggest<br \/>\nthat many students made the wrong decision and shouldn\u2019t have gone to school at<br \/>\nall, or at least not majored in Oppression Studies at Woke U. Some of the \u201ccollege<br \/>\ncurious\u201d may have decided on emotional or other irrational grounds based on<br \/>\nfamily history or an affinity for certain sports, while others were undoubtedly<br \/>\nled astray by college rankings.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">The<br \/>\nnotion that colleges and universities can be confidently ranked from top to<br \/>\nbottom smacks of deep intellectual hubris. Even the bond rating agencies<br \/>\nattempt only to lump securities into classes based on risk of default and often<br \/>\nget even that wrong, as anyone who lived through 2008, 1997, 1982, and so forth<br \/>\nmay recall. To ascertain that institution X is a smidge \u201cbetter\u201d than Y, the<br \/>\nrankers rely upon small changes in various quantitative metrics. Because<br \/>\nadministrators\u2019 careers and tuition rates often depend upon rankings, those<br \/>\nquantitative metrics <\/span><a href=\"https:\/\/washingtonmonthly.com\/2022\/10\/13\/why-the-u-s-news-college-rankings-are-subject-to-cheating-and-how-to-fix-them\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">have<br \/>\nbeen manipulated or even concocted<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">, most recently by<br \/>\nColumbia University, the shenanigans of which were exposed by a whistleblower<br \/>\nwho believes that college <\/span><a href=\"https:\/\/www.theguardian.com\/us-news\/2022\/sep\/16\/columbia-whistleblower-us-news-rankings-michael-thaddeus\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">rankings<br \/>\nare essentially worthless<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">. Before making any decisions, the college-bound<br \/>\nat least need to realize that a more highly ranked school may simply be better<br \/>\nat gaming the ranking system, at being dishonest in other words.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">In<br \/>\naddition, properly interpreting many metrics requires context that is not<br \/>\neasily quantified. A school with a high 8-year graduation rate (as <\/span><a href=\"https:\/\/washingtonmonthly.com\/2023-college-guide\/national-1\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">measured<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\"><br \/>\nby the <i>Washington Monthly<\/i>), for example, may have an abysmal unreported<br \/>\n4-year rate, suggesting that it is adept at bilking students for more tuition<br \/>\nthan expected by making it difficult for them to graduate on time but easy for<br \/>\nthem to eventually get a degree, perhaps by making courses challenging but<br \/>\npressuring faculty to relax the requirements for students making up incompletes<br \/>\nor retaking classes who appear ready to bail. A relatively low graduation rate,<br \/>\nby contrast, might indicate that a school is trying to maintain standards and<br \/>\nwilling to fail out students to do it.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">Most<br \/>\nimportantly, major rankings never include arguably the two most important<br \/>\nmetrics, learning (what students know\/can do upon graduation minus what they<br \/>\nknew\/could do upon admission) and lifetime earnings. Some measure purported job<br \/>\nplacement rates and even initial salaries but those skew toward schools with<br \/>\nsticky reputations, usually hoary institutions that continue to attract the attention<br \/>\nof recruiters from high paying firms because they presumably produced quality<br \/>\ngraduates in the past. Most of the college curious, however, care more about<br \/>\nlifetime earnings than initial salary. Moreover, the trajectory of earnings<br \/>\nprovides more information about the quality of a school\u2019s ability to educate,<br \/>\nrather than to merely train or signal the employability of, their students<br \/>\nbecause it proxies the original stated goals of higher education, which is to<br \/>\ncultivate lifelong learning and independent thought, both of which remain<br \/>\nessential to a robust private economy and a vibrant civil society.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">I<br \/>\nfirst called for such metrics over a decade ago, in a book (<i>Higher Education and the Common Weal:<br \/>\nProtecting Economic Growth and Political Stability with Professional<br \/>\nPartnerships<\/i>, 2010<\/span>) <span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">so<br \/>\ncontroversial it could only be published in India and is already out of print. Universities<br \/>\ndo not want to track systematically the careers of graduates, at least those<br \/>\nunlikely to make big donations, or to measure learning because such information<br \/>\nmight expose their individual and collective weaknesses. Once informed of the<br \/>\nindustry\u2019s overall ineffectiveness, fewer people would opt for \u201chigher\u201d<br \/>\neducation in the first place and many others would attend less expensive, but<br \/>\npedagogically equivalent, institutions. That, of course, would tend to dampen<br \/>\ntuition, or at least its rate of increase, forcing universities to invest more<br \/>\nin pedagogy (and its crucial cognate, research) and less in sports complexes and<br \/>\ncomplex administrative systems. Rest assured, then, that the college curious<br \/>\nwill never know with certainty which schools are most likely to increase both<br \/>\ntheir ability to earn a living and their ability to positively impact the<br \/>\nsocial sphere.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">Rankings,<br \/>\nhowever, do not have to be so rank. To better aid those interested in attending<br \/>\ncollege, a disinterested third party could create a grading system focused on<br \/>\nthree major cognates of lifetime learning and social and economic achievement.<br \/>\nI call it \u201cESG,\u201d not for the thoroughly debunked environmental, social justice,<br \/>\nand corporate governance investment grading system recently popular in Woke<br \/>\ncircles but for intellectual <b>e<\/b>nergy, <b>s<\/b>ocial engagement, and university<br \/>\n<b>g<\/b>overnance.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">Intellectual<br \/>\nenergy refers to the atmosphere on campus, including the number of outside<br \/>\nspeakers and respectful attendees of their talks (not anti-intellectual<br \/>\nprotestors). Contrast Hillsdale College, where I recently spoke to over two<br \/>\nscore faculty and economics students on a balmy weeknight during Homecoming,<br \/>\nwith another midwestern college of similar size where during an otherwise<br \/>\nuneventful week only a few students turned out on the same subject (the<br \/>\neconomics of slavery) and had to be bribed with \u201cextra credit\u201d to sit physically<br \/>\nin the room while investigating their social options later that evening on<br \/>\ntheir phones.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">By<br \/>\nsocial engagement, I mean old-fashioned civic engagement and well-informed,<br \/>\ndare I say research-based, attempts to ameliorate social problems. In other<br \/>\nwords, schools should be judged not on the extent that they encourage mere<br \/>\nvirtue signaling, which signals only iniquity and an anti-intellectualism<br \/>\nunbecoming any institution devoted to \u201chigher\u201d education. Universities should<br \/>\nbe judged on the extent that they encourage students to engage in <i>rational<br \/>\naction<\/i>. Society needs the energy, verve, and long-term outlook of its youth<br \/>\nbut is not aided by inducing young people to slavishly follow fads ginned up by<br \/>\nthe Left, or the Right for that matter. Universities should inculcate responsible<br \/>\nfree speech by directing students to research, write, and orally defend their<br \/>\npositions before protesting or engaging in other direct action.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">The<br \/>\nquality of a university\u2019s governance should be assessed by the checks and<br \/>\nbalances that it incorporates to ensure that it keeps its promises and does not<br \/>\ndistort its record. As the <\/span><a href=\"https:\/\/www.jamesgmartin.center\/2021\/01\/the-ways-in-which-colleges-legally-silence-troublesome-scholars\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">Martin<br \/>\nCenter<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\"> has shown, some schools have forced out tenured<br \/>\nnon-Woke professors by threatening the budgets of noncompliant departments and<br \/>\nmembers of promotion and tenure committees and by employing non-disclosure<br \/>\nagreements in unethical, if not illegal, ways. If accreditors will not<br \/>\ndiscipline, an outside rater should expose such schools because they cannot be<br \/>\ntrusted to administer donations in line with <\/span><a href=\"https:\/\/www.philanthropyroundtable.org\/resource\/seven-stories-of-donor-intent-violations-in-higher-education-giving\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">donor<br \/>\nintent<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">, let alone to put the interest of students first<br \/>\nduring <\/span><a href=\"https:\/\/www.edweek.org\/leadership\/covid-hurt-student-learning-key-findings-from-a-year-of-research\/2022\/11\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">public<br \/>\nhealth<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\"> or other emergencies.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">The<br \/>\ncollege curious need quality university quality ratings like \u201cESG\u201d because<br \/>\noften they do not (yet) have the intellectual tools needed to properly assess<br \/>\nthe claims that college admissions officers and marketing materials make. Few,<br \/>\nfor example, understand the implications of public choice theory or its<br \/>\napplication to public and private university administrators. They do not realize<br \/>\nthat the beautiful school with the great reputation and super sports teams may<br \/>\nbe run to serve the interests of administrators, coaches, and, to a lesser<br \/>\nextent, faculty, not students. Such institutions of course claim to be<br \/>\nstudent-centered but do not credibly commit to putting students first in any<br \/>\nbut the most cursory fashion. They may be highly ranked but in the \u201cESG\u201d system<br \/>\nsketched above would be graded low.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">In<br \/>\nfact, most of America\u2019s colleges and universities would receive a failing \u201cESG\u201d<br \/>\ngrade, at least initially, because most have repressive intellectual<br \/>\natmospheres where mindless Woke virtue signaling prevails, implicitly supported<br \/>\nby faculty cowed into submission by the ouster of outspoken opponents of the<br \/>\nstatus quo enabled by poor governance practices. FIRE and College Pulse join<br \/>\nforces to <\/span><a href=\"https:\/\/www.thefire.org\/college-free-speech-rankings\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">rank<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\"><br \/>\nuniversities on 13 free speech metrics. The rankings are relative, though, not<br \/>\nabsolute. The fact that the University of Virginia ranks sixth best suggests<br \/>\nthat the rankings only gauge speech prohibitions and do not measure positive<br \/>\ncampus intellectual energy (the E in my \u201cESG\u201d rating) because a recent Heritage<br \/>\n<\/span><a href=\"https:\/\/www.heritage.org\/education\/report\/the-dangerous-dei-bloat-virginias-public-universities\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">report<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\"><br \/>\nreveals that Virginia\u2019s universities are \u201c<\/span><a href=\"https:\/\/legalinsurrection.com\/2023\/09\/report-virginia-universities-drowning-in-dei-policies\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">drowning<br \/>\nin<\/span><\/a><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 200%;\">\u201d<br \/>\nDIE (diversity, inclusion, and equity) administrators and policies, and that<br \/>\nUVA is the second worst offender.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 200%; margin-bottom: 0in; text-indent: .5in;\"><span style=\"font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; line-height: 107%;\">Presumably, though, to<br \/>\nattract more students from a <\/span><span style=\"font-family: Calibri, sans-serif; font-size: 11pt; line-height: 107%;\"><a href=\"https:\/\/www.bestcolleges.com\/news\/analysis\/looming-enrollment-cliff-poses-serious-threat-to-colleges\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 107%;\">shrinking<br \/>\npool<\/span><\/a><\/span><span style=\"font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; line-height: 107%;\"> some universities will reform to achieve a higher \u201cESG\u201d grade. Indeed,<br \/>\nsome new institutions with stronger \u201cESG\u201d bona fides <\/span><span style=\"font-family: Calibri, sans-serif; font-size: 11pt; line-height: 107%;\"><a href=\"https:\/\/www.jamesgmartin.center\/2021\/10\/getting-serious-about-a-parallel-university-system\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 107%;\">have<br \/>\nformed<\/span><\/a><\/span><span style=\"font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; line-height: 107%;\"> and a few incumbents have reformed their <\/span><span style=\"font-family: Calibri, sans-serif; font-size: 11pt; line-height: 107%;\"><a href=\"https:\/\/eric.ed.gov\/?id=EJ1040993\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 107%;\">cultures<\/span><\/a><\/span><span style=\"font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; line-height: 107%;\"> rather than joining<br \/>\nthe <\/span><span style=\"font-family: Calibri, sans-serif; font-size: 11pt; line-height: 107%;\"><a href=\"https:\/\/www.theatlantic.com\/education\/archive\/2019\/07\/has-college-gotten-easier\/594550\/\"><span style=\"font-family: &quot;Times New Roman&quot;,serif; font-size: 12.0pt; line-height: 107%;\">race<br \/>\nto the bottom<\/span><\/a><\/span><span style=\"font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt; line-height: 107%;\"> taking place in standards. American higher education remains sick,<br \/>\nperhaps chronically ill, but by exposing its rotten parts while highlighting<br \/>\nthose institutions that remain true to the industry\u2019s original mission of<br \/>\nhelping students to become independent thinkers capable of adding value to both<br \/>\nthe economy and society, it could improve outcomes without further ballooning<br \/>\nthe national debt.<\/span><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The publication of this two-parter by the Martin Center reminded me that I had drafted something on the topic of college ratings but dropped it. Here it is for your edification and &#8220;enjoyment&#8221;: Those interested in attending, or sending their children, to university must decide if the time and monetary investment is worth it and, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12032],"tags":[486,6250,12646,24474],"dealstore":[],"offerexpiration":[],"class_list":["post-51648","post","type-post","status-publish","format-standard","hentry","category-american-history","tag-college","tag-curious","tag-esg","tag-ratings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The College Curious Need New \u201cESG\u201d Ratings - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=51648\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The College Curious Need New \u201cESG\u201d Ratings - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The publication of this two-parter by the Martin Center reminded me that I had drafted something on the topic of college ratings but dropped it. 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