Measuring College Performance

I see someone wants to establish a quantitative measure of how well colleges are doing educating their students.  Of course, this has migrated in the direction of some standardized test.

To their credit, colleges are pointing out that any test results will be directly impacted by the quality of the students they attract, so the test promoters now want the incoming students and the graduating students to take the test so the difference can be measured.  I might add the effort of each student matters also and the college has no control over this because college students are young adults.

This is unnecessary.  There is already a very defined quantitative measure of how well students are educated.  It is called JOBS and GRADUATE SCHOOL.  What % of graduates have jobs or are in grad school 12 months after graduating.  What % of the school's graduates get Advanced Degrees over time?  What is the level of graduates supporting the school financially after graduation?  You compare one school versus another and you have a measure of who is doing a good job.

You don't have to go to a name school to get a good education.  I have friends who are big successes but did not go to "NAME" schools.  I have friends who went to "NAME" schools and are modest successes to outright failures.  The school has nothing to do with any specific outcome which is a direct result of the student's effort.