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> In reality, the incentives should already be aligned with student interest: All of the information for it is already available. Retention & graduation rates are public knowledge

But that information is less useful than one might naively assume. What you actually want to know is the school’s contribution, which the raw rates don't tell you. Like good ratings for primary/secondary schools, the raw rates mostly tell you about the qualities of students that end up going there; pulling out the effect, if any, of the school is much harder.



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